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Tag: Reform

Economy featured

FG reveals ₦15.8tn gains from subsidy, FX reforms

The administration of President Bola Ahmed Tinubu has released a comprehensive “Reform Scorecard,” detailing the economic trajectory of Nigeria three years into a series of aggressive fiscal and monetary overhauls. Delivered by Prof. Taiwo Oyedele at the Ministry of Finance in Abuja, the briefing offered a transparent accounting of the radical shifts following the removal […]

Economy featured

Tinubu’s reforms pushed FAAC to ₦2trn monthly, from ₦300bn — Oyedele

Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele, says the Federal Government’s economic reforms have pushed the monthly Federal Allocation to over N2 trillion, up from an average of N300 billion under past administrations. Oyedele disclosed the fiscal shift on Monday in Owerri, while declaring open the 2026 National Council on […]

featured Opinion

Nigerians cannot eat GDP, Atiku slams presidency’s defence of reforms

Former Vice President Atiku Abubakar has rejected the presidency’s defence of President Bola Tinubu’s economic performance, insisting that government claims of recovery are inconsistent with the realities of rising poverty, food insecurity and worsening living conditions across the country. Responding to a State House statement defending the administration’s reforms, Atiku said no amount of official […]

featured Opinion

Reforms alone not enough, CFG advisory CEO warns FG

Nigeria requires a coordinated industrial growth strategy that goes beyond macroeconomic reforms to unlock investment in the manufacturing sector and accelerate economic expansion. This is according to the Chief Executive Officer of CFG Advisory, Mr. Tilewa Adebajo, who spoke in an interview on CNBC Africa. He noted that reforms such as exchange rate liberalisation and […]

Economy featured

FG defends Tinubu reforms, says Nigeria on path to recovery

The Federal Government on Tuesday mounted robust defence of President Bola Tinubu’s reform agenda, declaring that Nigeria is steadily emerging from economic fragility and laying the foundation for long-term prosperity, despite pains associated with ongoing reforms. The PUNCH reported that at a high-profile Democracy Day press conference in Abuja on Tuesday to mark Nigeria’s 27th […]

featured Opinion

Tinubu’s reforms creating stable business environment — Jumia CEO

Chief Executive Officer of Jumia Group, Francis Dufay, has presented a positive assessment of Nigeria’s economic outlook, describing the country as a key example of reform, growth and stability rather than a market defined by risk and uncertainty. Vanguard reported that Dufay made the remarks while speaking during a panel session on emerging markets at […]

Economy

Tinubu’s reforms prevented 120% inflation in Nigeria — NRS boss

The Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, on Tuesday said inflation in Nigeria could have risen as high as 120 per cent without the sweeping economic reforms introduced by the Federal Government. Adedeji stated this in Abuja during the commissioning of the NRS headquarters, noting that the reforms helped to stabilise prices […]

Oil and Gas

Oil sector reforms have attracted $24bn investments — NNPCL

The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline, as the country intensifies efforts to achieve its three million barrels per day production target. The Group Chief Executive Officer of NNPC Ltd, Bayo […]

Economy

World Bank backs Nigeria’s reforms, pushes state-level project execution

The World Bank has thrown its weight behind what it described as progress in Nigeria’s reforms, just as it has reaffirmed its strong support for the country’s reform agenda, highlighting the country’s steady progress towards economic recovery. Speaking on Wednesday in Abuja during a meeting with the Senate Committee on Capital Market, chaired by Senator […]

Investment

Nigeria’s reforms attracting strong domestic, global investments – NGX

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships. The News Agency of Nigeria reported that Popoola made this known while speaking at the Nigeria–United Kingdom Investment Roundtable organised by […]

Policy and Regulations

Tinubu’s reforms drive surge in Nigeria’s mining sector – Alake

The Minister of Solid Minerals Development, Dr. Dele Alake, has stated that reforms introduced by President Bola Tinubu have greatly enhanced Nigeria’s mining sector. These changes have increased productivity and attracted more Foreign Direct Investments. A statement from the Minister’s Special Assistant on Media, Segun Tomori, indicated that Alake pointed out the sector’s fast growth. […]

Opinion

IMF ranking, cheaper food prices show Tinubu’s reforms are working – Aide

President Bola Tinubu’s Special Adviser on Economic Affairs, Dr Tope Fasua, has stated that Nigeria’s inclusion on the International Monetary Fund’s list of countries expected to contribute to global growth, along with the recent decline in food prices, clearly indicates that the administration’s economic reforms are producing positive results. Fasua made these remarks during an […]

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