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Tinubu to Deloitte: Nigerian economy on steady growth trajectory

*President Bola Ahmed Tinubu receives in audience a delegation from Deloitte Africa, led by CEO Ruwayda Redfearn, in Abuja, emphasising his administration’s reforms have stimulated the Nigerian economy, strengthened the fiscal and revenue sectors, repositioned financial institutions while preparing for global competitiveness

Isola Moses | ConsumerConnect

President Bola Ahmed Tinubu, Wednesday, July 15, 2026, in Abuja, FCT, received commendations from Deloitte Africa for the ongoing financial and fiscal reforms in the country and was encouraged to pursue a stronger partnership that supports investments, youth training, and employment.

Tinubu received a delegation from Deloitte Africa, led by the Chief Executive Officer (CEO), Ruwayda Redfearn, in the State House, Abuja, FCT.

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The President said the reforms had steadily stabilised the economy over three years, with growing plaudits for positive development and growth indicators.

President: Reforms difficult but….

Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, Wednesday, in a statement, noted President Tinubu said: “We are following the example of Deloitte’s greatness to change things from the foundation, building the necessary future for our people.

“Yes, reforms are difficult. It has not been a McDonald’s customer relationship but a harvester of good things, if implemented well, and that is what we are about.”

Tinubu, in the meeting also attended by the Minister of Finance, Taiwo Oyedele and the Chairman of the Nigeria Revenue Service, Dr. Zacch Adedeji, stated: “Thank you for your partnership in paying attention to what we are doing here, as we have heard from the Honourable Minister of Finance about the fiscal, revenue and tax reforms that have taken place and are moving the nation forward.

“The reforms on revenue will continue to stimulate growth. And the effect of the reform?”

The Nigerian leader noted: “Yes, some issues are difficult to take the bitter medicine, but it is working well.

“For the economy, Nigeria is making serious foundational progress.”

The President said the reforms had stimulated the economy, strengthened the fiscal and revenue sectors, repositioned financial institutions, and prepared the country to be more globally relevant and competitive.

He, therefore, urged Deloitte Africa to improve its impact on the Nigerian economy by training and recruiting the dynamic youth population.

“The family of Deloitte; you just reminded me of my cradle years in accountancy and where I cut my childhood accounting teeth in Chicago.

“Deloitte has a good training programme, and I believe you will continue to reflect that,’’ Tinubu stated.

Speaking at the meeting, Mr. Taiwo Oyedele, Honourable Minister for Finance and Coordinating Minister of the Economy, touched on the reforms and impact on Nigeria and Nigerian consumers.

He urged the leadership of the accounting and business firm to focus more on building capacity among the youths.

Redfearn, speaks on experience, impact on African people

Redfearn, CEO of Deloitte Africa, said the global organisation is primarily focused on digital and business transformation, with over 500,000 employees worldwide working across various roles and locations, including over 6,000 in Africa.

She said the Accountancy firm’s revenue was $74 billion in 2025.

The statement also quoted Redfearn to have said: “We are before you to say that we want to serve.

“We have a local team on the ground that is ready, as well as the global firm, to support you and support your administration as you lead the country.”

Yomi Olugbenro, Chief Executive Officer of Deloitte West Africa, assured President Tinubu of the firm’s support for the reforms.

Olugbenro stated: “We do what we do because of the philosophy that our Africa CEOs talk about – making an impact that matters.

“Where we are at the moment, we believe that the ground has been solidly laid.”

He also noted: “There is a need to truly extract more value and deliver the dividends of democracy to ordinary Nigerians on the street.

“The bigger work is really about how to cascade some of those big reforms further down.”

The Chief Executive of Deloitte West Africa said: “We do believe that with the capabilities that the firm has all over the world, with the half a million people that our CEO spoke about, we have used cases, examples, experiences of how we supported nations all around the world, so Nigeria will definitely benefit from those experiences.

“So that is why we are here, and we welcome the invitation that you may grant us as to where exactly you want us to support you.”

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