Uzodimma says Tinubu’s reforms boosted Nigeria’s economy and investor trust
President Bola Ahmed Tinubu’s economic reforms have been praised by Hope Uzodimma, Chairman of the Progressive Governors’ Forum and Governor of Imo State. Uzodimma highlighted key policy changes such as the removal of fuel subsidy and naira liberalisation, crediting them with restoring fiscal stability and investor confidence. He stated these reforms have blocked corruption, improved government revenues, and enabled states to undertake major projects. Atiku Bagudu, Minister of Budget and Economic Planning, also commended the administration’s commitment to economic growth and collaboration.
What we know
- Hope Uzodimma said the removal of fuel subsidy and liberalisation of the naira exchange rate marked a decisive turning point for Nigeria’s economy.
- He claimed these policies blocked entrenched corruption and strengthened both federal and state finances.
- Uzodimma noted that allocations from the Federation Account had risen sharply, with states now receiving higher monthly allocations.
- He reported that Nigeria’s foreign reserves rose from $32 billion in 2024 to $49.4 billion by March 2026, and inflation eased from over 27 per cent to about 15 per cent.
- Atiku Bagudu stated that the Renewed Hope Agenda was fostering stronger collaboration between federal and state governments, aiming for a $1 trillion economy.
