Economic and Foreign-Exchange Reforms

President Bola Ahmed Tinubu's subsidy and foreign-exchange reforms have restructured Nigeria's public finances and reset the economy on a more sustainable foundation.

The administration took decisions that previous governments avoided for decades. Those decisions have improved government revenue and created better conditions for investment.

Ending long-standing distortions

The reform programme removed the fuel subsidy and unified the foreign-exchange market. For years, the subsidy consumed resources that should have funded roads, schools and hospitals, while multiple exchange rates discouraged investors and fed speculation.

By addressing these distortions directly, the administration has created a stronger basis for public spending and private investment. More revenue now flows to the federal government, the states and local governments for development.

Supporting Nigerians through the transition

The reforms required real adjustment from households and businesses, and the administration has acknowledged the pressure of higher living and operating costs. Its response includes measures that put the new fiscal space to work for citizens.

Student finance through NELFUND, consumer credit through CREDICORP, agricultural support for farmers and major infrastructure projects across the country are all part of the programme that accompanies the reforms. Each channels resources directly to Nigerians and to the productive economy.

Building lasting prosperity

The goal is an economy that grows on solid ground: stable prices, productive investment, more jobs, stronger household purchasing power and better public services. The Tinubu administration has made the difficult structural decisions needed to deliver that future and is investing the gains in Nigeria's people and infrastructure.