Tinubu Media Force Cites World Trade Organisation Chief's Remarks as Validation of President's Economic Policy

Strategic Insights -

Nigeria's President Bola Tinubu's economic policies have received another endorsement from a respected economist and former Minister of Finance, Dr Ngozi Okonjo-Iweala. The Chief of the World Trade Organisation commended Tinubu for working to stabilise the economy, saying his administration's reforms are moving in the right direction. This validation has been welcomed by the Tinubu Media Force, a support group for President Tinubu, who sees it as further proof that the administration's reforms are laying the right foundations for sustainable growth.

Key Takeaways:

  • The World Trade Organisation Chief, Dr Ngozi Okonjo-Iweala, has commended President Bola Tinubu for his efforts to stabilise the economy, saying his administration's reforms are moving in the right direction.
  • Okonjo-Iweala's remarks have been cited by the Tinubu Media Force as a clear and independent validation of Tinubu's progressive governance.
  • Nigeria's GDP grew by 3.13 per cent in the first quarter of 2025, with the services sector surging by over 5 per cent.
  • The Tinubu administration is targeting 7 per cent annual growth by 2027 and a quadrupling of the economy by 2030, anchored on a rebased GDP of N372.8 trillion.
  • The Nigerian Education Loan Fund (NELFUND) had disbursed over N104 billion to no fewer than 600,000 students in federal tertiary institutions.
  • The NELFUND scheme includes N20.07 billion in tuition payments to 192,906 students and N12.82 billion in stipends to 169,114 students.
  • The administration is driving landmark projects such as the 700km Lagos-Calabar Coastal Highway, projected at $11 billion to connect nine states and create millions of jobs.
  • Work on the first 47.47km segment is underway, backed by $747 million in funding.
  • Other major road projects include the 1,000km Sokoto-Badagry Superhighway, dualisation of the Kano-Maiduguri Road, rehabilitation of the Enugu-Port Harcourt Expressway, completion of the Abuja-Kaduna-Zaria-Kano Road, and reconstruction of over 330 roads and bridges across the country.

Statistics:

  • 7 per cent annual growth targeted by Tinubu's administration by 2027
  • 3.13 per cent growth in Nigeria's GDP in the first quarter of 2025
  • 5 per cent growth in the services sector in the first quarter of 2025
  • N372.8 trillion - rebased GDP of Nigeria by 2030
  • N104 billion - amount disbursed by the Nigerian Education Loan Fund (NELFUND)
  • 600,000 - number of students in federal tertiary institutions who have benefited from NELFUND
  • N20.07 billion - tuition payments made by NELFUND
  • 192,906 - number of students who have received tuition payments from NELFUND
  • N12.82 billion - stipends paid by NELFUND
  • 169,114 - number of students who have received stipends from NELFUND
  • $11 billion - projected cost of the Lagos-Calabar Coastal Highway
  • $747 million - funding for the first 47.47km segment of the Lagos-Calabar Coastal Highway
  • 9,000 - daily applications processed by the NELFUND scheme
  • 700km - total length of the Lagos-Calabar Coastal Highway
  • 10,000 - number of affordable housing units to be constructed by the government
  • 1,000km - total length of the Sokoto-Badagry Superhighway

Sources:

  • News Agency of Nigeria (15 August 2025)
  • World Trade Organisation
  • Tinubu Media Force