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.
