Nigeria on the Path of Economic Renewal — Chief F.E. Ojugbana Hails Tinubu Reforms, Dangote’s Industrial Revolution

‘Nigeria is laying a new economic foundation’ Speaking on the state of the economy, Chief Ojugbana acknowledged the difficulties facing ordinary Nigerians but maintained that the country must also recognise the progress being made in restoring macroeconomic stability and strengthening confidence in the Nigerian economy.

For Chief Ojugbana, the rise of Dangote and other Nigerian industrial champions should inspire a broader national ambition: Nigeria must become a country that produces what it consumes and exports what the world needs.(IMF⁠) Similarly, the World Bank, in its April 2026 Nigeria Development Update, said Nigeria had made “meaningful progress” in restoring macroeconomic stability, noting stronger external and fiscal positions and resilient economic growth, even as it cautioned that household incomes had yet to recover fully and poverty remained high.