Mounting Poverty Overshadows Tinubu’s Economic Reforms
reported by SpringNewsNG Media Limited may 7,2025
Despite a raft of economic reforms initiated by President Bola Tinubu’s administration, the benefits are being eclipsed by rising poverty levels across Nigeria.
Since assuming office, Tinubu has introduced several policy changes aimed at stabilizing the economy and attracting investment. These include the removal of fuel subsidies and the unification of the foreign exchange rate—measures praised by international financial institutions. However, the immediate impact on the lives of ordinary Nigerians has been harsh, with inflation surging and living costs becoming unbearable for many.
Economists say the reforms, though potentially beneficial in the long term, are contributing to widespread hardship in the short term. Food prices have soared, public transport costs have doubled in some areas, and unemployment continues to rise.
The administration has launched various palliative programs, but critics argue they are insufficient to cushion the economic blow for millions of citizens.
As Nigeria navigates a challenging path to economic recovery, many are left wondering whether the promised gains of Tinubu’s reforms will arrive soon enough to make a difference in their daily lives.
