Economic Reforms

Obasanjo spoke on Wednesday at the Financial Times Africa Summit 2026 in London, United Kingdom, where he criticised the administration’s management of the naira, the removal of the petrol subsidy and the broader economic policies implemented since Tinubu assumed office in May 2023.

President Bola Ahmed Tinubu, in his address on the 1st of October, declared that Nigeria has moved from an economic reform era to an era of prosperity. With this declaration, a simple question has surfaced: What has actually changed since 2023?  

Vice President Kashim Shettima has urged Nigerians living abroad to take a more active stake in the country’s economic transformation, asking the Diaspora to invest capital, transfer expertise and help project Nigeria’s interests in the global economy.

July 20, (THEWILL) — Nigeria's economic landscape has changed significantly in 2026. Across banking, taxation, foreign exchange, digital assets, corporate governance and industrial development, regulators have accelerated reforms aimed at strengthening the economy, improving transparency and attracting investment. While some...

July 20, (THEWILL) — Three years after the Federal Government embarked on Nigeria’s remarkably far-reaching economic reforms in decades, the country’s investment profile is beginning to change. Foreign capital importation surged to $10.37 billion in the first quarter of...

January 05, (THEWILL) — As 2025 drew to a close, the Bola Tinubu Administration presented Nigerians with not rhetoric, but a measurable accounting of progress-one that was increasingly visible and relatable in everyday life, not just in macroeconomic charts....

October 31, (THEWILL) — The European Parliament has expressed strong support for Nigeria’s ongoing economic reforms, pledging to deepen cooperation in trade, sustainable growth, and democratic governance. The endorsement came on Thursday when the Minister of Budget and Economic Planning,...

August 31, (THEWILL) — Recently, Dr Ngozi Okonjo-Iweala, a famous regional economist, two-term finance minister during President Olusegun Obasanjo’s regime and currently Director-General of the World Trade Organisation (WTO), has this to say about President Tinubu’s economic reform: “Tinubu...

November 12, (THEWILL) - The Saudi Crown Prince and Prime Minister of Saudi Arabia, Prince Mohammed bin Salman bin Abdulaziz Al Saud, has assured Nigeria of support in its economic reform programmes. A press statement by Bayo Onanuga, the Special...

November 03, (THEWILL) – Nigerians are reeling on the throes of untold hardship, perhaps never expected at this stage of their national life. The situation is the direct fallout of reforms undertaken by the President Bola Tinubu-led Federal Government,...