
Oye to Tinubu: Economic growth must tackle hunger, joblessness
Now Let the People Feel It,” said the administration deserved recognition for taking politically difficult decisions, including petrol subsidy removal, foreign exchange reforms, the abandonment of monetary financing of fiscal deficits, the rebuilding of external reserves and tighter monetary policy.
The removal of the petrol subsidy, the movement toward a more market-based foreign-exchange regime, the abandonment of monetary financing of fiscal deficits, the rebuilding of external reserves, and the tightening of monetary policy were politically costly measures.11 billion as of August 24, 2026, as evidence of stronger external buffers and referenced the National Bureau of Statistics’ report that the economy grew by 4.
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