Tinubu’s reforms credited for keeping Nigeria off high-debt lists
Jimoh Ibrahim, Senator representing Ondo South, has stated that Nigeria’s absence from the world’s most indebted countries list is due to disciplined fiscal management under Bola Tinubu. He made these remarks following renewed discussions about Nigeria’s debt profile. According to Ibrahim, critics who predicted unsustainable borrowing have been proven wrong. He emphasized that ongoing reforms are stabilizing the country’s finances.
What we know
- Jimoh Ibrahim said Nigeria is not ranked among the world’s most indebted countries, nor is it in Africa’s top 10.
- He attributed this to deliberate fiscal coordination and structured economic reforms by Bola Tinubu’s administration.
- The senator highlighted policies such as fuel subsidy removal and exchange rate unification as key to stabilising public finances.
- Ibrahim cautioned that while Nigeria’s debt is manageable, sustainability depends on revenue generation and debt servicing.
- He expressed confidence that continued reforms will further strengthen Nigeria’s fiscal resilience.
