Economists and financial experts have expressed mixed opinions on President Bola Ahmed Tinubu’s economic scorecard in the last three years.
On May 29, 2026, President Tinubu marked three years in office.
In the last three years, Tinubu’s government has rolled-out economic reforms which have resulted in mixed impacts on Nigerians.
Upon the kickoff of President Tinubu’s administration, he had announced the implementation of twin policies, namely, fuel subsidy removal and naira liberalization.
Effects of the policies had thrown many Nigerians into hardship.
Fuel prices skyrocketed before May 29, 2023, from N238 to over N1340 per liter as of today.
Nigerian Exchange rate rose sharply from N460 per dollar three years ago to N1,366 per dollar as of June 1, 2026.
Exchange rate and fuel price rise directly impacted on the prices of food and services nationwide, which tripled till date.
Headline and food inflation stood at 15.69 percent and 16.06 percent for April 2026 as cost of living bites harder for many Nigerians with N70,000 monthly minimum wage.
While the hardship persists for many Nigerians, economic data have shown signs of gradual recovery with Gross Domestic Product growing to 3.89 percent in first Quarter 2026, and foreign reserves surged to $49.58 billion.
The Centre for the Promotion of Private Enterprise in a statement at the weekend by its Chief Executive Officer, Dr Muda Yusuf, relying on the above data, noted that the country is on the part of gradual recovery.
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