Nigeria: Tinubu's Reforms Have Achieved a Reasonable Degree of Price Stability and Economic Growth - Govt

What the report says

The Nigerian federal government says President Bola Tinubu’s economic reforms have brought the country to a “reasonable degree” of price stability and growth, according to comments reported by This Day and distributed by AllAfrica. The remarks were made in Bauchi State during a sensitisation workshop on the ECOWAS Trade Liberalisation Scheme for the North-east, where officials discussed ways to expand regional trade and create opportunities for businesses.

Minister of State for Foreign Affairs Sola Enikanolaiye said the workshop was intended to move foreign policy closer to ordinary Nigerians and help firms, including small and medium-sized enterprises and agricultural businesses, tap wider markets across West Africa and the African continent. The event was organised by the ECOWAS National Unit of the Ministry of Foreign Affairs with the Bauchi State Government.

Enikanolaiye said inflation remained high but was declining, and he argued that other indicators showed improvement. He said the administration had moved beyond zero or negative growth and was progressing toward economic and social development. In the report, Bauchi State Governor Bala Mohammed, represented by his deputy, backed the trade scheme as a way to promote legitimate commerce, investment and stronger cooperation among ECOWAS members.

The broader context is that the Tinubu government has repeatedly pointed to reform measures as necessary for stabilising the economy, while critics and businesses have often focused on the continued strain from inflation and higher living costs. The article presents the administration’s positive assessment, but does not provide independent economic data to verify the claims.