The Data Analytics Group for Asiwaju (DAGFA) has said the economic reforms implemented by President Bola Ahmed Tinubu have boosted investor confidence, resulting in a 41 per cent increase in foreign direct investment (FDI) and stronger fiscal performance.

The group during a press conference yesterday in Abuja to unveil analysis of the administration’s performance under the Renewed Hope Agenda, said the removal of fuel subsidy and the unification of the foreign exchange market eliminated major economic leakages, redirected resources to productive sectors and attracted genuine investor interest.

DAGFA Spokesperson kolawole Sodipo stated that their analysis conducted using the data released by the National Bureau of Statistics revealed that non-oil revenue surpassed the Federal Government’s 2025 target of over N20 trillion by August 2025, while N3.65 trillion was generated in September 2025 alone, representing a 411 per cent increase compared with May 2023.

It also stated that Nigeria’s debt service-to-revenue ratio had declined from 97 per cent to below 50 per cent, while the backlog of Central Bank of Nigeria’s “Ways and Means” financing had been cleared.

The group added that monthly allocations to states had more than doubled since the reforms were introduced, giving sub-national governments more resources for development.

DAGFA further said the country’s external reserves rose to $42.03 billion in September 2025, the highest level since 2019, while improvements in the capital market and sovereign credit ratings reflected growing investor confidence.

On infrastructure, the group said more than 2,700 kilometres of highways and major roads were under construction, reconstruction or rehabilitation, including the Lagos-Calabar Coastal Highway, Sokoto-Badagry Super Highway, Abuja-Kaduna-Zaria-Kano Road and the East-West Road.

It also highlighted progress in rail modernisation and power sector reforms aimed at improving transportation and energy supply.

The group said the Nigerian Education Loan Fund had disbursed over ₦282 billion to more than 1.5 million students, while the Renewed Hope Housing Programme and the Federal Housing Authority had delivered over 10,000 housing units and created more than 300,000 jobs.

According to the report, social investment programmes have also disbursed about ₦330 billion to vulnerable households across the country.

On security, DAGFA said increased defence spending, the expansion of the Nigerian Army from eight to 12 divisions and the recruitment of 28,000 personnel had strengthened the country’s security architecture and helped reclaim territories previously affected by insecurity.

The group also claimed that youth unemployment had declined from eight per cent to five per cent since 2023, attributing the improvement to government programmes such as the Investment in Digital and Creative Enterprises (i-DICE) initiative and the Student Loan Scheme.

Also speaking the Spokeswoman of DAGFA Akinosho Olatunbosun said women accounted for more than 60 per cent of beneficiaries of interventions such as the Renewed Hope Conditional Cash Transfer and Market Trader Moni programmes.

The report further noted that Nigeria had recorded trade surpluses for five consecutive quarters, oil production had increased to about 1.68 million barrels per day, while domestic refining of premium motor spirit had resumed.

DAGFA acknowledged that the removal of fuel subsidy and exchange rate reforms initially contributed to high inflation but argued that recent economic data showed inflationary pressures were easing as the reforms began to yield results.

The group maintained that the reforms were necessary to achieve long-term economic stability and urged Nigerians to support the continuation of the administration’s policies.

It also said it would continue to monitor public discourse, counter misinformation with verified data and promote evidence-based public engagement ahead of the 2027 general election.