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🇳🇬 Nigeria /Economy & Trade

Tinubu’s economic reforms are yielding results, says Tope Fasua

From Vanguard · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Tope Fasua said Nigeria experienced the sharpest shock from President Bola Tinubu’s reforms in late 2023, followed by a difficult 2024.
  • He said inflation began to decline in 2025 as prices started falling, beyond the effect of rebasing.

Tope Fasua said Nigeria’s economic reforms under President Bola Tinubu are beginning to show results, after an initial period of severe disruption.

“The worst we got was late 2023, the shock, immediate shock, after-effect of those reforms in 2023,” he said. Fasua described 2024 as a difficult year.

He said 2025 marked the point when inflation began to decline. He attributed the change not only to rebasing, but also to prices starting to fall.

The worst we got was late 2023, the shock, immediate shock, after-effect of those reforms in 2023. And of course, 2024 was a tough year. 2025 was the year that inflation started to reduce, not only because it was rebased, but because prices started to fall.

· Tope FasuaFasua described the economic impact of Tinubu’s reforms and the subsequent decline in inflation.
About this summary

Originally published by Vanguard in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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