Nigeria’s Tinubu Softens Economic Reforms as 2027 Campaign Heats Up

After two years of economic shock therapy, Nigeria’s president, Bola Tinubu, appears to be shifting gears ahead of a likely 2027 reelection bid. While early reforms—removing fuel subsidies and floating the naira—triggered inflation, unrest, and widespread hardship, recent signs point to a more measured approach. Recent signs suggest that Tinubu’s policies have been successful, with inflation stabilizing, revenues increasing, and Fitch upgrading Nigeria’s credit rating. Tinubu’s allies are already declaring his candidacy, and defections from opposition governors signal growing momentum. However, critics argue Nigeria’s economy has shrunk under his leadership, with poverty deepening and security still a concern. Yet, Tinubu’s strategic tax reforms and centralized political control may position him to dominate 2027—if the electorate sees the long-term gains as worth the present pain.

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