TSF backs economic reforms, cites infrastructure, debt settlements

ABUJA — The Tinubu Stakeholders Forum (TSF) has defended President Bola Tinubu’s economic reform agenda, asserting that the administration is successfully tackling structural distortions, settling inherited liabilities, and building foundations for long-term growth.

In a statement signed by Chairman Ahmad Sajoh and Secretary Danjuma Sada, the group argued that Nigeria’s deep-rooted economic challenges require sustained policy action rather than political criticism alone.

Highlighting the administration’s performance, the Forum pointed to major infrastructure projects, institutional debt resolutions, and social credit initiatives:

• Infrastructure Development: TSF cited progress on major arterial corridors, noting that the Federal Ministry of Works reported the completion of the 47-kilometre Section 1 of the Lagos-Calabar Coastal Highway by October 2026, alongside ongoing work on Section 2 and the 1,068-kilometre Sokoto-Badagry Superhighway.
• Pension and Legacy Settlements: The Forum highlighted the settlement of ₦758 billion in inherited pension liabilities benefiting nearly 957,045 Nigerians, alongside a historic pension review for 2,116 retirees of the Nigeria Social Insurance Trust Fund coupled with ₦8.7 billion in arrears. It also noted the phased disbursement of ₦333.12 billion out of a ₦3.3 trillion framework to clear legacy debts owed to power generation companies.
• Consumer Credit Expansion: TSF pointed to the Nigerian Consumer Credit Corporation (CREDICORP), which had facilitated ₦53.5 billion in credit for over 351,000 citizens by October 2026—with women representing 59 per cent of beneficiaries—aiming to stimulate domestic manufacturing and household asset acquisition.

While acknowledging that high living costs continue to strain household incomes, TSF welcomed federal cost-of-living interventions and the National Economic Council’s 90-day action plan. The Forum urged political actors to anchor future debates on verifiable records, practical policy alternatives, and tangible improvements in the daily lives of ordinary Nigerians.