Democracy Day: FG admits inflation, insecurity as major challenges

Nigeria's government acknowledged on Tuesday that inflation and insecurity remain significant challenges for the nation. Speaking at a press conference to mark Democracy Day, Secretary to the Government of the Federation, George Akume, stated the administration is aware of the hardships caused by its policies.

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The government, though with all hands on deck, would never claim that every challenge has been solved.

Akume defended the economic reforms introduced by President Bola Tinubu's administration, asserting that recent indicators suggest improvements. He noted that while inflation has been "painful," it is on a downward trend. The government also recognizes that insecurity continues to threaten lives and livelihoods. The briefing served as an accountability exercise midway into the administration's first term.

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While we pursue various reforms diligently, with purpose and with compassion, the government recognises that inflation has been painful, though it is on a downward trend.

Despite public concerns, Akume insisted that government reforms are yielding results, pointing to economic figures like GDP growth of 4.07 percent in Q4 2025 and 3.89 percent in Q1 2026. The government also highlighted its social intervention programs, including cash transfers and student loans, with over one million students benefiting from the Nigerian Education Loan Fund. Fiscal reforms and anti-corruption efforts were also cited as successes, including Nigeria's removal from the Financial Action Task Force grey list.

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Government is similarly conscious of the fact that insecurity still threatens lives and livelihoods.