Nigeria, June 12 -- The reforms pursued by the current administration since its inauguration have restored stability and credibility to economic management, President Bola Tinubu said Friday.

"Federation revenues have risen, providing states and local governments with more resources for infrastructure, education, healthcare, and security," the president said in his Democracy Day address.

"Fiscal transparency has improved, leakage has been reduced, and public funds are better directed to national priorities," he added.

The president also noted that investor confidence has returned, marked by growing investments in sectors as diverse as agriculture, energy, manufacturing, technology, mining, transportation and the creative industries.

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