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    Home » Blog » Nigeria’s Tinubu touts economy amid cost-of-living anger

    Nigeria’s Tinubu touts economy amid cost-of-living anger

    May 30, 2025Updated:May 30, 2025 World No Comments
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    Nigeria's Tinubu touts economy amid cost-of-living anger

    Bola Tinubu, president of Nigeria, defended a number of economic changes that his administration carried out in an address on Thursday. Our economic changes are successful. In his remarks recognizing his second year in office, Tinubu said,” We are on the verge of creating a greater, more economically stable country.” The pesos and energy prices have been reduced, and Tinubu’s government has since assumed power half. Nigeria is the biggest supplier of crude oil in Africa. Despite the increase in living costs, we have made obvious development, according to Tinubu. ” We have stabilized our business, and we are now better positioned for growth and prepared to handle international shocks.” Despite the World Bank’s warning that Nigeria is still struggling with high prices, the Washington-based financial institution recently stated that thanks to Tinubu’s measures, it experienced its highest economical growth in ten years. Since Tinubu started the economic reforms, inflation has increased to rates of over 23 % in Nigeria. Working Nigerians have been frustrated by rising gas prices, food prices, and rising power costs, which has sparked a cost-of-living crisis. Nigerians have taken to the streets across the nation this year and next year as a result of the outcry over large consumer prices. Some demonstrations have also turned violent when protesters clash with security troops, killing protesters. Some of the protesters have been detained and charged with treason, a violence that could result in the death penalty, according to the Nigerian government. In his next anniversary address, Tinubu even claimed that Nigeria’s surveillance had improved, claiming that military forces were preventing armed groups ‘ risks. Not only have jihadi organizations like Boko Haram carried out attacks and robberies in Nigeria, but likewise bandits who raze villages. In the two years since he took office, Tinubu’s declaration comes after Amnesty International reported that at least ten and two people have been killed in Nigeria by jihadis and military groups. Omoyele Sowore, a journalist and lawmaker from Nigeria, criticized Tinubu for his next anniversary address, accusing him of ending the “petrol subsidy for people with small incomes” while subsidizing” crooked government officials and lawmakers.” Sowore added that Tinubu’s administration authorized the Boko Haram jihadi party to relocate from Borno and Yobe, northeast of Nigeria, southward to the state of Kogi, which is in the state of Kogi. Sowore, who ran for president in Nigeria in the 2023 poll, said,” A man who met Boko Haram in Borno and Yobe but allowed them to walk down south to Kogi is a failure.”

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