Nigeria’s monetary reforms are now recognised globally – Tinubu hails CBN

President Bola Tinubu on Monday, said Nigeria’s ongoing monetary policy reforms are yielding positive results and gaining international recognition.

Speaking at a stakeholders’ meeting in Abuja, the president expressed confidence in the direction of the reforms, noting that early outcomes show signs of improvement in the country’s economic outlook.

According to Tinubu, the monetary policy measures introduced since the start of his administration have helped stabilize key economic indicators and restore confidence in Nigeria’s financial system.

“The monetary policy that we have embarked on since the reforms has yielded positive results and been recognized around the world,” the president said in a viral video on Monday.

He also commended the Governor of the Central Bank of Nigeria (CBN) for his role in implementing the reforms, saying, “Thank you, Mr Governor of CBN.”

Tinubu reaffirmed his administration’s commitment to sustaining economic reforms, stressing that difficult but necessary decisions are required to place the country on a path of long-term growth and stability.

Recall that the Tinubu administration had floated the Naira at the foreign exchange at the same time as the ended fuel subsidy regime in 2024.