Nigerian economic reforms
N4tn Subsidy Removal Savings Invested in Infrastructure, Says Tinubu
President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to utilizing public funds prudently, declaring that over N4 trillion previously spent on fuel subsidies is now being reinvested in infrastructure, public transportation, and social welfare interventions. Speaking at the National Conference on Public Accounts and Fiscal Governance on Monday, Tinubu, represented by the Minister of […]
IMF Endorses Economic Reforms, Urges Comprehensive Budget Overhaul
The International Monetary Fund (IMF) has commended Nigeria’s recent wave of bold economic reforms—particularly those spearheaded by the Central Bank of Nigeria (CBN)—but has warned that a comprehensive overhaul of the 2025 budget is necessary to guard against growing fiscal vulnerabilities amid falling oil prices and persistent revenue challenges. In its just-released Article IV Consultation […]
Buhari Hails Tinubu, Urges Nigerians to Moderate Expectations
As President Bola Tinubu marks his second year in office, former President Muhammadu Buhari has offered a notable endorsement of the administration’s efforts while urging Nigerians to keep their expectations realistic amid ongoing reforms. In a statement released by Buhari’s Senior Special Assistant on Media and Publicity, Garba Shehu, the former president congratulated President Tinubu […]