By George Omagbemi Sylvester
Abuja, Nigeria — Friday, May 22, 2026. Vice President Kashim Shettima has stated that President Bola Ahmed Tinubu has unlocked the full potential of the Nigerian economy through ongoing reforms under the Renewed Hope Agenda, insisting that the administration’s policy direction is restoring confidence in key sectors of the economy.
Speaking at a recent government engagement on economic performance and national development priorities, Shettima said the administration’s reforms in areas such as fuel subsidy removal, foreign exchange unification, and investment drive are beginning to yield long-term structural benefits for the country.
He explained that while the reforms initially came with economic hardship, they were necessary steps to correct long-standing distortions in Nigeria’s fiscal and monetary systems.
According to him, improved investor interest, infrastructure development, and diversification efforts indicate that the economy is gradually stabilising.
The Vice President further noted that the administration remains focused on job creation, food security, industrial expansion, and improved revenue generation, adding that government policies are designed to position Nigeria as a competitive global economy.
Economic analysts remain divided on the impact of the reforms, with some acknowledging gradual improvements in fiscal transparency and investor confidence, while others continue to raise concerns over inflation, high cost of living, and unemployment pressures facing citizens.
Leave a Reply