Politics10/1/2025Bloomberg

Nigeria Reform ‘Pains’ Herald Start of New Era, Tinubu Says

Nigeria Reform ‘Pains’ Herald Start of New Era, Tinubu Says

In his statement, President Bola Tinubu of Nigeria has expressed that the country's economy has turned a corner following nearly three years of reforms. Tinubu noted that the reforms have led to accelerated growth, slowing inflation, and declining debt costs. The president acknowledged that the reforms have come with some "pains," but he emphasized that they mark the start of a new era for Nigeria. Tinubu's remarks suggest that the government's efforts to restructure the economy and address long-standing challenges are beginning to bear fruit. The article highlights the progress made by Nigeria in its economic recovery, even though the process has not been without difficulties. Tinubu's comments indicate a cautious optimism about the country's economic future and the potential for continued improvement under the ongoing reform initiatives.

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