By George Omagbemi Sylvester
President Bola Ahmed Tinubu has declared that his administration will deepen ongoing economic reforms if given another mandate in 2027, insisting that current policies are already stabilising Nigeria’s economy and governance structure.
The President made the remarks on May 15, 2026, while addressing political stakeholders and supporters, where he defended his administration’s economic direction amid rising public concerns over inflation, fuel prices, and cost of living.
Tinubu stated that difficult decisions taken since assuming office were necessary to rescue the economy from what he described as years of structural weaknesses and fiscal instability.
He maintained that policies such as fuel subsidy removal, exchange-rate reforms, and tax restructuring were beginning to produce positive results despite temporary hardship faced by citizens.
“We will continue with the reforms. There is no turning back,” the President reportedly declared while assuring Nigerians that the administration remains focused on long-term economic recovery, investment growth, and institutional stability.
The President also argued that ongoing reforms are aimed at strengthening public finances, attracting foreign investment, improving infrastructure, and creating sustainable opportunities for future generations.
However, critics of the administration continue to argue that the reforms have intensified hardship for ordinary Nigerians, particularly through rising inflation, food costs, electricity tariffs, and transportation expenses. Economic analysts say the success of the reforms will ultimately depend on whether citizens begin to experience visible improvements in living conditions over the coming years.
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