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Tinubu’s Reforms: Rewriting Nigeria’s Trajectory

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By Muhyideen Jimoh, News Agency of Nigeria (NAN)

Upon assuming office in May 2023, President Bola Tinubu inherited a Nigerian economy contending with a severe combination of cascading crises.

These predicaments ranged from crippling fuel subsidies and multiple exchange rates to declining revenues, rising debt-servicing costs, insecurity and weak investor confidence.

To prevent further economic collapse, the administration opted for difficult reforms, including the removal of the petrol subsidy and the unification of the foreign exchange market, arguing that delaying action would have pushed the country deeper into an economic crisis.

Tinubu succinctly captures it in his third anniversary address.

“At the height of the subsidy regime, Nigeria was spending as much as N18.4 billion daily to sustain petrol subsidies.

“Over N4 trillion was spent in 2022 alone, resources that could have been invested in roads, healthcare, education, housing and critical infrastructure.

“Multiple exchange rate windows and forex arbitrage created massive distortions, with Nigeria losing more than N8 trillion over three years to rent-seeking and speculative practices,” he said.

Though the reforms triggered sharp increases in living costs and tested the patience of many Nigerians, the government insists the sacrifices are beginning to yield measurable gains.

Policy analysts say one of the clearest indicators is improving competitiveness and renewed investor confidence.

The Nigerian stock market has witnessed significant growth, with market capitalisation rising from about N30 trillion in 2023 to N160 trillion in 2026.

Public finances have also improved, enabling states and local governments to access larger allocations for developmental projects and social services.

Mr Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, said Nigeria was steadily moving from a phase of economic stabilisation to growth.

“We have seen moderation in inflation; we have seen the foreign exchange rate stabilise; and, in fact, steady appreciation over the past couple of years; we have also seen growth, modest growth, but increasing.

“So, we believe that we are now at a point where we are moving from stability to growth,” Oyedele said.

Across the country, observers say massive infrastructure projects are changing the landscape, with more than 2,700 kilometres of highways and major roads under construction, reconstruction or rehabilitation.

The Minister of Works, Sen. Dave Umahi, highlighted critical road projects.

He said the Federal Government was executing legacy highway projects designed to improve connectivity and boost socio-economic development across the six geopolitical zones.

The projects include the 750km Lagos-Calabar Coastal Highway, 1,068km Sokoto-Badagry Super Highway, Calabar-Abuja Superhighway, 482km Trans-Saharan Road and 439km Akwanga-Jos-Bauchi-Gombe Road.

Umahi said the Sokoto-Badagry Super Highway would be a game-changer for the economy.

“This highway will unlock economic opportunities and strengthen movement of people and goods across states,” the minister said.

Analysts say projects such as the Lagos-Calabar Coastal Highway, Abuja-Kaduna-Zaria-Kano Road and East-West Road are expected to enhance connectivity, stimulate trade and create thousands of jobs, while rail modernisation initiatives are advancing economic integration across the federation.

In the oil and gas sector, reforms have attracted fresh investments worth billions of dollars, while the nearing completion of the five-billion-dollar NLNG Train 7 project, expansion of domestic gas utilisation and increased local refining capacity are improving energy security.

In addition, the power sector, long constrained by debt, weak infrastructure and inadequate investment, is also receiving renewed attention through transmission upgrades, renewable energy initiatives and efforts to stabilise the national grid.

It is worth noting that agriculture remains central to the administration’s economic agenda.

Millions of farmers have benefited from interventions covering improved seedlings, fertiliser distribution, mechanisation, irrigation and expanded access to finance.

The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, said government interventions were focused on achieving food security and reducing dependence on food imports.

“We are investing in mechanisation, irrigation, improved seedlings and access to finance because agriculture remains critical to economic diversification and national food security.

“The goal is to increase productivity, reduce food inflation and improve farmers’ incomes across the country,” Kyari said.

Analysts say the opening of new agricultural corridors is expected to boost food production, strengthen supply chains and reduce pressure on household incomes.

What’s more, stakeholders in the education sector acknowledge that notable progress has been made through the Nigerian Education Loan Fund.

Available data indicates that NELFUND has provided more than 1.5 million students access to higher education, with over N282 billion disbursed to beneficiaries.

In addition, the housing sector has also gained momentum under the Renewed Hope Housing Programme and Federal Housing Authority projects, with more than 10,000 housing units under development across 14 states and the FCT, generating over 300,000 jobs and stimulating construction activities.

In healthcare, thousands of primary healthcare centres are being revitalised, while health insurance coverage continues to expand for vulnerable Nigerians.

More so, the telecommunications sector is witnessing renewed confidence as a result of ongoing reforms.

Sector experts say the reforms resulted in expanded network coverage and deepened digital connectivity nationwide.

The aviation sector has also benefited from reforms aimed at modernising airport infrastructure, improving operational efficiency and restoring investor confidence.

The Minister of Aviation and Aerospace Development, Festus Keyamo, was upbeat.

“Our focus is to modernise airport infrastructure, strengthen safety standards, attract investment and make Nigeria a major aviation hub in Africa,” he said.

For many Nigerians, the most sensitive area remains security.

While terrorism, banditry, kidnapping and other criminal activities persist in some parts of the country, security agencies have intensified operations and recorded gains in several communities and major transport corridors.

The National Security Adviser (NSA), Nuhu Ribadu, said security agencies were recording significant successes through coordinated operations.

“While challenges remain, we are seeing improved collaboration among security agencies, better intelligence gathering and increasing pressure on criminal elements across different parts of the country,” Ribadu said.

Security experts hold the view that smart policing is pivotal to tackling Nigeria’s hydra-headed security challenges.

“Enhanced investments in intelligence, surveillance technology, logistics and inter-agency collaboration are gradually improving the state’s capacity to confront emerging threats,’’ a security analyst said.

Nonetheless, the administration acknowledges that significant challenges remain—namely inflation, unemployment, and insecurity—underscoring the need to translate macroeconomic gains into tangible improvements for Nigerians.

Yet, three years into the Renewed Hope Agenda, supporters argue that Nigeria is witnessing the early signs of a turnaround driven by economic reforms, infrastructure expansion, human capital development and renewed investor confidence.

For policy pundits, whether the gains ultimately meet public expectations may depend on how effectively the administration consolidates current progress and ensures that the dividends of reform reach ordinary Nigerians in the years ahead. (NANFeatures)

Edited by Chijioke Okoronkwo

***If used, please credit the writer and the News Agency of Nigeria.

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Health

Climate, clean air action could prevent 144 million premature deaths by 2050 – Report

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A new report by the United Nations Environment Programme (UNEP) and the Climate and Clean Air Coalition (CCAC) has found that integrated action to tackle climate change and air pollution could prevent about 144 million premature deaths globally by 2050.

The report, titled Hidden Assets: The Economic and Health Case for Climate and Clean Air Action, said implementing 25 proven measures across energy, transport, industry, agriculture, household cooking and heating, and waste management could significantly reduce exposure to harmful air pollutants while also slowing climate change.

The measures include expanding renewable energy and energy efficiency, improving oil and gas operations, strengthening vehicle emission standards, promoting electric vehicles, adopting cleaner cooking and heating solutions, improving agricultural and livestock practices, reducing emissions from waste, and phasing down hydrofluorocarbons (HFCs).

The finding comes against the backdrop of an already severe global air pollution crisis.

In March 2025, the World Health Organisation (WHO) disclosed that about seven million people die prematurely from air pollution annually, with 99 per cent of the world’s population breathing air that exceeds its recommended guideline limits.

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Air pollution, a major health threat

The new UNEP and CCAC assessment estimated that the 25 measures could prevent 96 million premature deaths linked to exposure to ambient fine particulate matter (PM2.5), 43 million deaths associated with household PM2.5 exposure and five million deaths linked to ozone by 2050.

The interventions could also avert an estimated 62 million cases of childhood asthma, 87 million heart attacks, 63 million cases of chronic obstructive pulmonary disease (COPD), 56 million cases of diabetes, 45 million strokes, 36 million cases of dementia and seven million cases of lung cancer.

The projected health gains are significant because ambient PM2.5 and ozone alone caused an estimated 6.4 million premature deaths worldwide in 2025, according to the report. Household PM2.5 exposure contributed another two million deaths, including about 300,000 children.

PM2.5 refers to fine particles small enough to penetrate deep into the lungs and enter the bloodstream, increasing the risk of respiratory and cardiovascular diseases.

Without stronger intervention, the report warned that the proportion of the global population exposed to the most dangerous PM2.5 concentrations could rise from 27 per cent in 2025 to 34 per cent by 2050.

Africa’s burden

The assessment identified Africa as one of the regions that could record substantial health and economic gains from integrated action.

It said only about 20 per cent of Africa’s population had access to clean cooking fuels as of 2020, making household air pollution a particularly important concern on the continent.

For Sub-Saharan Africa, the report identified clean cooking as one of the most important near-term interventions because reducing household exposure to harmful smoke can deliver immediate health benefits.

Southern Africa was projected to record a benefit-cost ratio of 26:1, while Sub-Saharan Africa and North Africa could each generate about US$11 in benefits for every dollar invested.

The report said regions in Sub-Saharan Africa and Southern Africa could avoid damages equivalent to 3.5 to four per cent of regional Gross Domestic Product (GDP) by 2035 through implementation of the measures.

Health and economic gains

The economic case for acting is also significant.

The report found that every US$1 invested in the 25 measures could generate about US$15 in economic benefits.

Globally, the measures could generate economic benefits equivalent to 2.8 per cent of global GDP by 2035, rising to about 11.4 per cent by 2100.

The gains would come from reduced healthcare spending, increased labour productivity, greater workforce participation and avoided damage from climate change.

The climate benefits would also be substantial. The assessment projected that implementing the measures could avoid about 0.34°C of global warming by 2050 and approximately 1.4°C by 2100.

By 2050, the 25 measures could cut global carbon dioxide emissions by half, methane emissions by 60 per cent and black carbon and PM2.5 precursors, including sulphur dioxide and nitrogen oxides, by 70 per cent.

The report said pursuing climate and air quality measures together produces greater benefits because the two problems share many of the same sources, including fossil fuel combustion, agricultural practices and industrial processes.

Delays threaten potential gains

Despite the potential benefits, the assessment warned that delayed action could result in preventable deaths, disease and economic losses.

It estimated that every year of delay could forgo more than 0.5 per cent of global GDP in benefits, equivalent to more than US$1.5 trillion in combined market and non-market value.

Globally, implementation of the 25 measures is expected to be delayed by about 7.5 to eight years on average, with institutional barriers accounting for about 2.4 years.

The report said the biggest obstacles were not necessarily technological but institutional, including fragmented decision-making, weak coordination between government agencies, inadequate financing and limited enforcement capacity.

READ ALSO: Conflict and Climate: Double threat driving Great Lakes displacement

Nigeria’s role

Nigeria was cited as an example of a country taking steps towards integrated action through the inclusion of short-lived climate pollutants in its Nationally Determined Contribution (NDC).

The report also cited Nigeria’s awareness-raising initiative on open burning and its Rural Women Energy Security Programme as examples of interventions capable of driving social and technological change.

Call to action

The assessment urged governments to integrate climate and clean air action into national economic planning and investment strategies, while increasing funding for institutional capacity, air quality monitoring, emissions inventories and enforcement.

It also recommended prioritising measures capable of producing rapid health gains, including clean cooking, methane controls targeting leaks, venting and flaring, organic waste management and transport measures.

The report said international partners should also mobilise finance for institutional strengthening, policy development, technology transfer and infrastructure investment, particularly in developing regions facing greater climate and pollution risks.


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FIFA U-20 Women’s World Cup: Falconets Fall to Spain as Marisa, Cerrato Send Nigeria to Disappointing Start

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Nigeria’s Falconets have suffered a 2–0 defeat to Spain in their opening Group F encounter at the 2026 FIFA U-20 Women’s World Cup in Poland, leaving Moses Aduku’s side with work to do in their remaining group matches.

Spain took control early at the Stadion Sosnowiec and broke the deadlock in the 13th minute through Marisa García, who finished to give the former champions a 1–0 advantage.

Read Also: Falconets Ready for World Cup Test as Aduku Demands Cup-Final Mentality Against Spain | Sports247 Nigeria

Nigeria struggled to create clear-cut opportunities as Spain maintained pressure and controlled important phases of the contest.

The Falconets went into the break a goal down, allowing themselves to respond after the interval.

However, Spain doubled their advantage in the 72nd minute when Alba Cerrato found the back of the net, putting Nigeria under even greater pressure.

Despite Nigeria’s efforts to find a route back into the game, Spain held firm to secure all three points and a winning start to their campaign.

The defeat is a disappointing opening for the Falconets, particularly after head coach Moses Aduku had declared before the match that his players would approach the encounter like a cup final.

“We are looking forward to the match against Spain with high expectations. We are ready and set to go.”

Aduku had also acknowledged Spain’s quality but insisted that Nigeria were targeting victory.

“Spain is a good side, no doubt… However, we will approach the game like a Cup final because we want to win. The three points will put us in good stead in our group phase campaign.”

That objective ultimately proved beyond Nigeria as Spain’s quality and early attacking pressure produced the difference.

The result also underlines the size of the challenge facing the Falconets in a Group F that includes China PR and New Caledonia alongside Spain. Nigeria will now have to quickly recover and turn their attention to China, knowing that another slip could seriously complicate their hopes of progressing to the knockout stage.

Nigeria arrived in Poland with an impressive history at this tournament. The Falconets have qualified for every edition of the FIFA U-20 Women’s World Cup since its inception in 2002 and have twice reached the final, finishing runners-up in 2010 and 2014.

Spain, meanwhile, entered the competition as one of the tournament’s established powers. They won the 2020 edition and remain one of the leading teams in the women’s youth game.

For Nigeria, however, the focus must now shift immediately from disappointment to recovery.

The Falconets will face China PR on September 10, before concluding their Group F campaign against New Caledonia on September 13.

With six points still available, qualification remains within reach — but Nigeria now have very little room for another setback.

Spain have delivered the first blow. The Falconets must now respond.

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