FG claims Tinubu's difficult 2023 reforms boosted economy, reserves exceed $55bn

At Nigeria's 66th Independence ministerial briefing in Abuja, Information Minister Mohammed Idris defended President Tinubu's administration's difficult economic decisions since 2023, claiming they've produced measurable improvements. Idris stated the government chose to confront longstanding economic distortions rather than delay them, acknowledging Nigerians have borne real costs from these reforms.

He cited specific economic gains: real GDP grew by 4.43% year-on-year (up from 4.23%), foreign reserves have risen, domestic refining capacity expanded, and investment activity gained momentum. Most notably, Idris reported the CBN governor confirmed foreign reserves crossed $55 billion for the first time in 18 years.

While the minister framed these as signs Nigeria is moving from stabilisation toward growth and shared prosperity, he did not detail which specific policies produced these results or address ongoing citizen concerns about inflation and living costs. The briefing came amid continued public debate over the impact of Tinubu's 2023 reforms including fuel subsidy removal and foreign exchange liberalization.

Do these reported macroeconomic improvements align with your personal experience of Nigeria's economic situation, and what specific changes would you need to see to believe the reforms are delivering broad-based prosperity?

SOURCE: https://dailypost.ng/2026/09/24/nigeria-at-66-tinubu-took-difficult-decisions-in-2023-fg/