President BOLA AHMED TINUBU assumed office on the 29th of May 2023. His first year in office has been marked by significant economic reforms aimed at stabilizing Nigeria’s economy and attracting investments.
One of the most notable actions was the removal of the fuel subsidy, a move intended to reduce government expenditure and redirect funds to critical infrastructure projects.
As president TINUBU marks first year in office, many Nigerians remain unconvinced, noting that the benefits of these reforms are not yet visible, and the immediate suffering has overshadowed any potential long-term gains.
Some other Nigerian also urged the president to consider other options in order to lessen the impact of his economic reforms on Nigerians.
In his remarks, a Professor of Business Finance at the Olabisi Onabanjo University, ADEBIYI ABOSEDE is of the opinion that the reforms are painful but are necessary for long-term economic stability.