According to BusinessDay, President Bola Tinubu has reaffirmed his administration’s commitment to maintaining national fiscal stability and aggressively expanding the country’s power infrastructure. Speaking at the APC convention, the President highlighted the 1,600MW Grid Asset Management Company (GAMCO) initiative as a cornerstone of his plan to end the country’s perennial energy deficit.
The President also pointed to the 400% oversubscription of Nigeria’s recent Eurobond as a sign of growing international confidence in his economic reforms. He noted that the funds would be channeled into critical infrastructure projects aimed at stimulating sub-national development and industrial growth.
The Nation reported that “economic policies by the Tinubu administration had put the country on the path of economic recovery,” while The Punch noted the President’s boast that “foreign reserves have increased to over $49.5bn from about $1bn.”
Echotitbits take: While the Eurobond success is a win for the treasury, the real test remains the GAMCO initiative. Nigerians have heard many “grid expansion” promises before; the success of this one will be measured by whether the lights actually stay on in industrial hubs.
Source: BusinessDay – https://businessday.ng/uncategorized/article/tinubu-pledges-fiscal-stability-and-grid-expansion-at-apc-convention/, March 30, 2026
Photo credit: BusinessDay
