The economy is stabilising

Nigeria’s economy is stabilising, but that progress should not be confused with prosperity, the Alliance for Economic Research and Ethics says. The group argues that Nigerians should acknowledge improvements while remaining honest about what has not yet been achieved.

It gives President Bola Tinubu’s administration credit for decisions that previous Nigerian governments postponed for years. The removal of the petrol subsidy is cited as one such step, alongside movement toward further economic changes.

The article’s central argument is measured rather than triumphant: stabilisation represents progress, but the country has not yet reached broad prosperity.