President Bola Tinubu’s Special Adviser on Economic Affairs, Dr Tope Fasua, has assured Nigerians that the toughest phase of recent economic reforms is over, insisting that clear signs of recovery are already visible.
Speaking on Arise News, Fasua said the administration had no alternative but to implement bold reforms, including fuel subsidy removal and foreign exchange liberalisation. According to him, both local data and international assessments now show positive outcomes.
He cited Nigeria’s ranking by the IMF as one of the countries expected to contribute to global growth in 2026, noting that the country placed sixth worldwide. Fasua also highlighted strong trade performance, with consecutive trade surpluses, increased exports, reduced imports, and improved intra-African trade.
Addressing cost-of-living concerns, he argued that food prices have dropped significantly and that inflation is easing. He added that wage increases, tax reforms, and improved disposable income are beginning to benefit workers and artisans.
Fasua acknowledged rising inequality but described it as a global trend, stressing that recent tax policies aim to narrow the income gap. He concluded that Nigeria has moved from crisis to recovery and urged Nigerians to stay optimistic.
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