APC Chief Says Nigeria Shifting from Economic Stabilisation to Growth Amid Reform Hardship
APC National Chairman Nentawe Yilwatda declared Nigeria is transitioning from economic stabilisation to growth in his Independence Day message, citing President Tinubu's reforms as yielding early results. Speaking on Nigeria's 66th anniversary, he pointed to World Bank data showing 4.2% real GDP growth in first half 2026 and gross foreign reserves of $51.9 billion at end-July 2026 as evidence of macroeconomic stabilisation.
Yilwatda acknowledged these reforms - including petrol subsidy removal, foreign exchange adjustments, and revenue mobilisation efforts - have caused short-term hardship for Nigerians but argued foundations are being laid for broader prosperity. He highlighted progress in energy sector development, digital economy expansion, investment inflows, and social protection programs as indicators structural transformation is underway.
The focus now shifts to ensuring economic gains translate into tangible improvements for households: higher incomes, job creation, food security, and expanded opportunities nationwide. Yilwatda urged citizens to acknowledge recorded progress while recognizing unfinished work toward sustained prosperity.
With fuel prices still elevated and unemployment concerns persisting, will these macroeconomic improvements soon reflect in your daily expenses, earnings, and access to essentials - or should Nigerians prepare for continued adjustment as stabilisation efforts continue?