The Independent Media and Policy Initiatives has commended President Bola Tinubu for implementing economic policies that have set Nigeria on a path of recovery and reduced the influence of entrenched oligarchs.
In a statement signed by its Chairman, Dr Omoniyi Akinsiju, the institute highlighted fiscal policy reforms, taxation, redistributive spending, estate and wealth taxes, labour and wealth protection, monetary and financial reforms, infrastructural development, and public investment as key strategies driving the economic turnaround. IMPI said these measures have helped curb decades of profligacy and restore fiscal ility.
The group noted that before May 2023, Nigeria’s economy was dominated by a small group of elites who controlled state resources, particularly in the oil sector. The Tinubu administration’s reforms, including subsidy removals, exce rate unification, and fiscal restructuring, have broadened access to resources and enhanced transparency.
IMPI reported that allocations from the Federation Account Allocation Committee (FAAC) surged by 30 percent in 2025, with the three tiers of government sharing over ₦33.27 trillion in the first eleven months. Inflation has fallen from 34.6 percent in November 2024 to 15.1 percent in January 2026, while food inflation dropped to 8.89 percent, the lowest in 174 months.
The institute also highlighted improvements in currency ility, noting that the naira has become the world’s second-best performing currency this year, narrowing the gap between official and parallel market rates. IMPI described these achievements as evidence of a ilised economy and reduced oligarchic influence.
Leave a comment