House of Representatives Speaker, Tajudeen Abbas, has commended President Bola Tinubu’s administration as it marks its third anniversary, saying the government has taken difficult but necessary steps to rebuild the economy and stabilise the country.

In a statement released on Friday through his media aide, Musa Krishi, Abbas said Tinubu met a struggling economy weighed down by fuel subsidy distortions, unstable exchange rates, low investor confidence, weak revenues, and rising insecurity.

According to him, the easier political option would have been to delay tough decisions, but the President instead “chose reform and reconstruction” in the interest of long-term stability.

Abbas noted that key economic indicators have shown some improvement under the Renewed Hope Agenda, pointing to reported growth in GDP from 2.74% in 2023 to 3.87% in 2025, alongside stronger external reserves.

He also referenced increased FAAC allocations following subsidy removal and forex reforms, as well as a rise in foreign investment inflows from $654.65 million in Q3 2023 to $5.64 billion in Q1 2025.

On infrastructure, he highlighted major projects such as the Lagos–Calabar Coastal Highway, Sokoto–Badagry Super Highway, and the Abuja–Kaduna–Kano corridor, describing them as key to long-term economic growth.

For security, Abbas said budgetary allocation increased from ₦2.98 trillion in 2023 to over ₦4.91 trillion in the 2026 budget, supporting intensified operations against terrorism, banditry, and oil theft.

He also pointed to gains in crude oil production and said over 1.3 million students have benefitted from the Nigerian Education Loan Fund.

While acknowledging public concerns over inflation and the rising cost of living, he maintained that the reforms were necessary sacrifices for economic recovery.

He added that sustaining the current direction would be important ahead of the 2027 elections.