The Chairman of the Alliance for Economic Research and Ethics, Dele Oye, has urged the Bola Tinubu administration to translate recent economic gains into lower food prices, more jobs and improved living standards for Nigerians.
Oye acknowledged the government’s economic reforms, including the removal of the petrol subsidy, foreign exchange reforms, tighter monetary policy and efforts to rebuild the country’s external reserves.
He said the measures had helped improve Nigeria’s macroeconomic stability, noting that foreign exchange reserves reached $53.11 billion as of August 24, 2026, while the economy grew by 4.43 per cent year-on-year in the second quarter of 2026.
However, Oye stressed that stronger reserves and economic growth would not automatically improve the welfare of ordinary Nigerians.
He said the government must now focus on converting economic stabilisation into tangible benefits for households, including affordable food, productive employment and better public services.
Oye also pointed to poverty and food insecurity as signs of the gap between economic performance and the daily experiences of Nigerians.
He said the success of the Tinubu administration’s economic programme should ultimately be judged by whether Nigerians can afford basic necessities, find decent work, run businesses without undue hardship and see public revenue reflected in public services.
“Nigeria has begun to stabilise. Now it must begin to heal,” Oye said.
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