US EditionNigeria: Tinubu's Reforms Policy Reflect Positive Trajectory for Nigeria's Economy
- President Bola Ahmed Tinubu's administration marked its second anniversary on May 29, 2025, highlighting significant economic reforms in Nigeria.
- These reforms stemmed from the need to remove fuel subsidies and unify the foreign exchange market to stabilize the economy and ensure Nigerians benefit from imports.
- Since subsidy removal, fuel consumption dropped by 40 to 50 percent as neighboring countries stopped relying on Nigerian subsidized fuel, while saved funds redirected to infrastructure and state support.
- Economic indicators show a fiscal deficit reduction from 5.4% to 3.0% of GDP, government revenue more than doubling, and a stock exchange index rise from 50,000 to over 110,000 since 2023.
- Despite rising costs and hardships, these reforms have improved market confidence, enhanced business fairness, and supported ongoing infrastructure projects critical for Nigeria's growth.
17 Articles
17 Articles
Nigeria: Tinubu's Reforms Policy Reflect Positive Trajectory for Nigeria's Economy
The founder and chairman of BUA Group. Abdul Samad Rabiu has stated that President Bola Tinubu's reforms policy has reflected a positive trajectory for Nigeria's economy and business sector, fostering an environment better suited for growth, stability, and equitable opportunity.
Nigerians’ Short Memory, A Big Problem – Onanuga on Response to Tinubu’s Reforms
President Bola Tinubu’s Special Adviser on Media and Information Strategy, Bayo Onanuga, has said that a “short memory” has not allowed many Nigerians to accurately assess the country’s problems, leading them to unfairly blame the President. Speaking on Arise TV on Friday, Onanuga contended that people are too eager to criticize the current government without recalling the state of affairs before Tinubu took power. “Let me start by saying that m…
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