FG admits inflation and insecurity persist despite economic reforms
The Federal Government has acknowledged that inflation and insecurity are still major issues affecting Nigerians, even as it defends the reforms introduced by President Bola Tinubu’s administration. At a press conference, George Akume, Secretary to the Government of the Federation, said the government is aware of the hardships but pointed to improvements in some economic indicators. He highlighted ongoing efforts to address these challenges and called for national unity. The government also emphasized its commitment to accountability and progress in social intervention programmes.
What we know
- George Akume stated that inflation remains painful but is reportedly on a downward trend, while insecurity continues to threaten lives and livelihoods.
- The government cited economic growth, with Nigeria’s GDP growing by 4.07 per cent in the fourth quarter of 2025 and 3.89 per cent in the first quarter of 2026.
- Social intervention programmes such as cash transfers, student loans, and consumer credit initiatives have been introduced since 2023, with over one million students benefiting from the Nigerian Education Loan Fund.
- Fiscal reforms, including tax measures signed into law in 2025, are aimed at improving revenue and accountability, while anti-corruption efforts have led to the recovery of proceeds of crime.
- The administration highlighted Nigeria’s removal from the Financial Action Task Force grey list in October 2025 and called for public support to tackle security challenges and promote national unity.
