President Bola Tinubu has acknowledged that many Nigerians continue to experience significant hardship due to rising living costs and ongoing economic adjustments, despite the reforms his administration has implemented over the past three years. Speaking on Sunday during his acceptance speech after securing the All Progressives Congress (APC) presidential flagbearer for the 2027 elections, Tinubu stated that while progress has been made in stabilizing the economy and executing key reforms, the government remains fully aware of the difficulties citizens are facing.
According to reports, Nigeria’s headline inflation rate climbed to 15.69% in April 2026, up from 15.38% in March, as Nigerians continue to grapple with elevated prices for essential goods. The President defended several major economic decisions, including the removal of fuel subsidies and reforms in the foreign exchange market, describing them as necessary measures to stabilize the economy. He added that the administration has improved fiscal coordination, revenue performance, and financial management to strengthen macroeconomic stability.
In the power sector, Tinubu highlighted achievements such as the supply of 2.5 million meters through the Presidential Metering Initiative to reduce the metering gap. He also revealed that the Federal Government established a N4 trillion bond programme to settle verified legacy debts owed to power generation and gas companies. Power generation has at times reached 6,000 megawatts under his administration, representing roughly a 50% increase compared to levels inherited in 2023.
The President further emphasized infrastructure investments across roads, transportation, digital connectivity, housing, irrigation, airports, and seaports to drive inclusive growth. He cited the construction of coastal superhighways and the Sokoto-Badagry route as part of efforts to build durable infrastructure supporting long-term economic expansion. However, Tinubu acknowledged that insecurity remains a major concern in parts of the country, pledging continued investment in security operations and reforms. He noted that the government has intensified support for the armed forces and police while investing in intelligence gathering and surveillance systems.
While the administration’s reforms aim to stabilize the economy, challenges persist. For instance, recent discussions around Adebayo Adelabu Resigns have drawn attention to leadership changes in key sectors, while Nma Lagos Fg, initiatives seek to address local governance issues. Meanwhile, Banks’ Non-performing Loans remain a concern for financial stability, and the Un: North-east Faces ongoing humanitarian and security challenges that require sustained intervention. Additionally, Uk Medical Graduates continue to face hurdles in securing placements, reflecting broader systemic issues.
Tinubu’s address underscored a dual reality: progress in certain economic and infrastructure areas, alongside persistent struggles for many Nigerians. The government’s commitment to reforms, he argued, remains essential for long-term stability, even as short-term pains continue to be felt across the nation.
