Tinubu’s economic reforms yielding results- Minister

The Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, defended President Bola Tinubu’s economic reforms, stating they are necessary decisions that are beginning to show results. Speaking at a press conference in Abuja on Tuesday, Sulaiman-Ibrahim noted that the reforms are leading to improved reserves and easing inflation, even as Nigerians face hardships.

According to Punch Nigeria, the Minister explained that the President chose to confront long-standing economic problems, such as the petrol subsidy and a heavy tax system, rather than passing the burden to future generations. Sulaiman-Ibrahim stated that Tinubu assumed office on May 29, 2023, under difficult circumstances that required decisive action to address structural weaknesses in public finances and the revenue collection system.

Separately, ERR News Estonia reported that Minister of Economic Affairs and Industry Liina Vahtras said on Tuesday that economic recovery will take a little longer for people to feel the effects, following a consumer confidence survey.

Brief written by urgent.news from Punch, Punch Nigeria, ERR News Estonia — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.