Nigeria President Bola Tinubu advances economic reforms and cocoa value‑addition drive

President Bola Tinubu defended his administration’s fiscal, revenue and tax reforms, saying they have stabilised the economy and laid a solid foundation for growth. In a meeting at the State House, he thanked Deloitte Africa for its support and urged the firm to expand youth training and employment programmes.

At the 2026 Africa Cocoa Summit in Abuja, Tinubu announced a shift from exporting raw cocoa beans to domestic processing. He highlighted a 70,000‑tonne processing plant in Sagamu and cited the Bank of Industry’s €85 million financing facility to boost cocoa value‑addition. The summit produced the Abuja Declaration, signing Nigeria, Ghana, Côte d’Ivoire and Cameroon into an alliance to end raw cocoa exports and negotiate as a bloc controlling about 75 % of global production.

Tinubu also commissioned 20 residential quarters for Federal Capital Territory judges and promoted a housing programme that aims to deliver 100,000 affordable units, positioning housing as a driver of employment and industrialisation.