Tinubu’s reforms bring stability but Nigerians await welfare gains
The Centre for the Promotion of Private Enterprise (CPPE) has reviewed the economic impact of reforms under Bola Tinubu’s administration. According to Dr Muda Yusuf, the government’s policies have improved macroeconomic stability, but many Nigerians are yet to feel the benefits in their daily lives. The CPPE highlighted progress in areas like external reserves, investor confidence, and the capital market, but pointed out ongoing challenges such as high inflation and weak purchasing power. The report urges the government to focus on translating these gains into better living standards for citizens.
TLDR
- Bola Tinubu’s administration focused on stabilising the economy through major reforms, including fuel subsidy removal and exchange rate unification.
- The reforms led to improved external reserves, a stronger capital market, and moderated exchange rate volatility since 2025.
- The economy experienced 11 consecutive months of disinflation from early 2025 through February 2026 before inflation rose again after the Iran–U.S.–Israel conflict in March 2026.
- Public debt reached N159.3tn as of December 2025, partly due to naira depreciation and legacy liabilities.
- Despite macroeconomic gains, issues like high inflation, weak consumer confidence, insecurity, and infrastructure challenges continue to affect welfare and job creation.
