President Bola Tinubu
President Bola Tinubu says his reforms have sounded the death knell on corruption in Nigeria.
Speaking to investors in Brazil on Tuesday, Tinubu said his reforms have made the Nigerian economy more competitive, boosted revenue, and strengthened the nation’s finances.
“It is necessary to emphasise here that the reforms I’ve embarked upon since I took over in Nigeria have been very impactful,” Tinubu said.
“I can beat my chest for that. It was initially painful, but today the result is blossoming. It’s getting clearer to the people. We have more money for the economy — no more corruption.
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“We have the central bank governor here; you don’t have to know him before you get the foreign exchange you need.
“The speculators are out in our currency market. The door is open for business. Easy in, easy out.”
“The reforms I’ve embarked upon since I took over in Nigeria have been very impactful. I can beat my chest for that. It was initially painful, but today the result is blossoming. It’s getting clearer to the people. We have more money for the economy… no more corruption.” — Bola… pic.twitter.com/GLuOj0BDUV
Advertisement— TheCable (@thecableng) August 26, 2025
Tinubu returned to Nigeria from the South American country early Thursday morning.
TINUBU’S REFORMS
Since taking office in May 2023, Tinubu has introduced a raft of economic policies that have elicited mixed reactions.
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The president unified Nigeria’s multiple foreign exchange (FX) windows to enhance forex market stability.
Tinubu also ended the petrol subsidy regime, which he described as unsustainable and a stranglehold on Nigeria’s economy.
The president said subsidy was draining national resources and serving corrupt interests, including enabling fuel smuggling to neighbouring countries.
In July, the National Orientation Agency (NOA) said over N1 trillion saved from subsidy removal is being used directly to support vulnerable Nigerians in targeted social welfare and relief programmes.
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The administration has, however, been dogged by corruption allegations.
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