President Tinubu Declares End to Emergency Reforms, Unveils Shared Prosperity Plan Targeting $1 Trillion Economy by 2030
President Bola Tinubu has announced that Nigeria has moved beyond the emergency phase of economic reforms, signaling a new policy direction focused on translating macroeconomic gains into shared prosperity, industrial expansion, and improved living conditions. Speaking through the Speaker of the House of Representatives, Tajudeen Abbas, at a book presentation, President Tinubu highlighted that difficult economic decisions made since May 2023 are yielding results. He reported that Nigeria's external reserves have risen to approximately $55 billion, and non-oil exports have exceeded $6 billion, marking the highest level in the nation's history. The administration is now shifting its focus from economic stabilization to expanding productive capacity, creating jobs, improving electricity supply, increasing domestic production, and providing affordable housing. President Tinubu acknowledged that economic growth figures alone are insufficient, emphasizing that the ultimate measure of reforms will be their impact...
