President Bola Tinubu has said Nigeria is experiencing renewed confidence in international financial markets, citing improved sovereign credit assessments, its return to global investment indices and the removal of the country from international financial monitoring lists.

The President said the developments had created fresh opportunities for Nigeria to attract long-term investments, secure more competitive financing and accelerate the implementation of critical infrastructure projects.

Tinubu stated this in an article titled, “From Reforms to Delivery: Our Infrastructure Investment and Growth Strategy,” where he argued that the next phase of the country’s economic transformation must focus on converting the gains of economic reforms into completed projects, employment and improved living standards.

He said all three major international credit rating agencies — Standard & Poor’s, Fitch and Moody’s — had taken positive rating actions on Nigeria, reflecting improvements in the country’s economic management and external financial position.

According to the President, S&P upgraded Nigeria’s sovereign rating to B with a Stable outlook on May 15, 2026, while Fitch maintained a B rating with a Positive outlook as of October 9, 2026.

Moody’s also assigned Nigeria a B3 rating with a Positive outlook.

Tinubu said the positive assessments were complemented by FTSE Russell’s restoration of Nigeria to Frontier Market status, a development expected to improve the country’s visibility among global institutional investors.

He also highlighted Nigeria’s removal from the Financial Action Task Force (FATF) grey list in October 2025 and the European Union’s list in January 2026, describing the developments as recognition of progress in financial transparency, regulatory compliance and the fight against illicit financial activities.

The President further cited the successful issuance of Nigeria’s Eurobonds and strong international demand as evidence of renewed appetite for the country’s sovereign debt.

He said these developments were not political endorsements but independent assessments by international rating agencies, regulators, index providers and investors.

According to him, the improved perception of Nigeria’s economy could translate into broader access to international capital, increased investor participation, lower financing costs and longer repayment periods.

“Every improvement in Nigeria’s cost of capital creates additional capacity to finance infrastructure, accelerate growth and deliver my government’s economic transformation agenda,” he said.

Tinubu argued that international investors and development institutions were increasingly viewing Nigeria as a major infrastructure investment destination, particularly in roads, railways, electricity, water, agriculture, transportation and social infrastructure.

He said the country must take advantage of the improved investment climate by ensuring that renewed confidence translated into actual capital expenditure and completed projects.

“The reforms have opened the door to capital; delivery is what will turn that capital into prosperity,” the President said.

He warned that the greatest risk facing the country was no longer simply the cost of borrowing but the economic consequences of failing to invest in critical infrastructure.

According to him, every year of delayed infrastructure development results in lost economic growth, higher logistics costs, missed investment opportunities and jobs that could otherwise have been created.

Tinubu said Nigeria must therefore move quickly to attract and deploy financing for credible and economically viable projects while maintaining responsible public financial management.

He also outlined five priorities identified by the Federal Executive Council for the next phase of the administration’s economic agenda.

They include food affordability and energy price stability; budget harmonisation and fiscal discipline; completion of high-impact projects and investment in critical infrastructure; an improved economic policy framework and regulatory efficiency; and targeted household support alongside investment in human development.

The President said the priorities were designed to ensure that the gains recorded through economic reforms translated into tangible benefits for households, businesses and the wider economy.

He stressed that the administration’s reforms were not undertaken merely to stabilise the economy but to unlock Nigeria’s productive capacity and create lasting prosperity.

Tinubu said the country must now focus on implementation, adding that the success of the economic transformation agenda would ultimately be determined by projects completed on the ground rather than policy documents and announcements.

On accountability, he said securing financing was only the beginning, insisting that every naira borrowed must be justified by the economic value it creates.

“The real achievement lies in completing projects, delivering value for money, and improving Nigerians’ lives,” he said.

He added that government must measure infrastructure projects by their actual outcomes, including their contributions to productivity, industrialisation, trade, employment and improved living standards.

The President also emphasised the need to sustain fiscal discipline while pursuing ambitious development targets, noting that the country’s financing strategy must balance the cost of borrowing against the economic cost of inaction.

He said Nigeria’s ambition to become a $1 trillion economy would require sustained investment in infrastructure, higher productivity, industrial expansion and increased trade.

Tinubu maintained that the country’s economic potential could only be fully realised by building the infrastructure needed to connect markets, support industries, attract private capital and improve national competitiveness.

He said roads, railways, ports and power infrastructure must function as an interconnected national system capable of supporting an expanding economy.

The President reiterated that the administration was committed to responsible borrowing and long-term investment, arguing that the infrastructure being developed would serve future generations.

“A $1 trillion economy will not emerge through declarations alone. We must build it through investment, higher productivity, industrialisation and trade,” he said.

He added that Nigeria’s immediate responsibility was to convert improved international confidence into productive investment, completed infrastructure and economic opportunities for its citizens.