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

Nigeria’s economy has turned the corner after almost three years of reforms, with growth accelerating, inflation slowing and debt costs declining, President Bola Tinubu said.

Since coming to power in May 2023, the leader of Africa’s biggest oil producer has eliminated fuel subsidies that drained government finances for decades, overhauled tax laws and increased crude output by improving security in its main producing region.