From Subsidies to Stability: Nigeria Charts a New Economic Course

Nigeria is emerging as a bold reformer on the African continent, shaking off decades of economic dysfunction through sweeping liberal market reforms. Under President Bola Tinubu, the country scrapped its costly fuel subsidy and embraced a market-driven exchange rate—moves that are now stabilizing Nigeria’s economic foundations. These reforms, though initially painful, are redirecting resources toward infrastructure and bolstering investor confidence, positioning the country for growth in the years to come. Furthermore, initiatives like Britain’s Enhanced Trade and Investment Partnership (ETIP) with the country signal growing international recognition, demonstrating that nations now view Nigeria as a worthy trade partner rather than as a destination for aid. As trade barriers fall and political interference recedes, Nigeria is positioning itself as a magnet for global capital and a model for other African nations to follow.

The Telegraph