Tinubu to Appraise Performance, Assess Key Milestones in France

This information was revealed on Wednesday by the President’s Special Adviser on Information and Strategy, Mr Bayo Onanuga.

In a statement issued today, it was disclosed that Mr Tinubu would “use the retreat to review the progress of ongoing reforms and engage in strategic planning ahead of his administration’s second anniversary.”

“This period of reflection will inform plans to deepen ongoing reforms and accelerate national development priorities in the coming year,” another part of the statement said.

President Tinubu assumed office on May 29, 2023, and has since introduced some reforms that have been tagged harsh, including the removal of subsidies on premium motor spirit (PMS), otherwise known as petrol, and the liberalisation of the foreign exchange (FX) market.

These two policies have triggered inflationary pressures in the country, with some citizens struggling to survive because of the harsh economic environment.

In the statement today, it was stated that recent economic strides reinforce the President’s commitment to these efforts, as evidenced by the Central Bank of Nigeria (CBN) reporting a significant increase in net foreign exchange reserves to $23.11 billion—a testament to the administration’s fiscal reforms since 2023 when net reserves were $3.99 billion.

“While away, President Tinubu will remain fully engaged with his team and continue to oversee governance activities,” Mr Onanuga added.