Tinubu: Completing projects, not securing loans, is priority, real achievement
by Adenle Ahmed Abiola · The Eagle OnlinePresident Bola Tinubu says his administration will measure the success of its infrastructure investment programme by completed projects, value for money and improvements in the living standards of Nigerians.
Tinubu said securing financing was only the beginning, stressing that public borrowing must translate into infrastructure and economic opportunities that deliver measurable results.
The President stated this in a personally signed article titled: “From reforms to delivery: Our infrastructure investment and growth strategy,” where he outlined the priorities for the next phase of the administration’s economic transformation agenda.
He said every naira borrowed must be justified by the economic value it creates, adding that the government’s ambition was not merely to announce a large infrastructure programme but to deliver projects capable of transforming the economy.
Tinubu said Nigeria must pursue its development goals with urgency while maintaining the discipline required for responsible public financial management.
He identified five priorities approved by the Federal Executive Council for the next phase of the administration’s economic agenda.
The priorities include food affordability and energy price stability; budget harmonisation and fiscal discipline; completion of high-impact projects and investment in critical infrastructure; an economic policy framework and regulatory efficiency; and targeted household support and investment in human development.
The President also said the Federal Executive Council’s economic strategy prohibited deficit monetisation and unfunded commitments during the pre-election period.
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Tinubu said the government was extending the maturity profile of public debt and moving away from short-term borrowing towards long-term and very long-term financing at lower costs.
He argued that infrastructure expected to last for 40 years should be financed over a period consistent with its lifespan.
The President said international investors were increasingly willing to commit funds to Nigeria over periods of 10, 15 years and beyond, describing this as a signal of confidence in the country’s economic direction.
He, however, noted that lending rates remained above 30 per cent despite the Central Bank of Nigeria’s decision to reduce the Monetary Policy Rate by 350 basis points, from 26.5 per cent to 23 per cent, on September 22, 2026.
Tinubu said the government must take advantage of improved international confidence by converting it into productive investment, economic growth, job creation and better living standards.
He added that the ultimate test of the administration’s reforms would be projects completed on the ground and tangible results for Nigerians, rather than policy documents alone.
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