President Bola Ahmed Tinubu declared on Friday that Nigeria has been pulled “back from the brink” of economic collapse, asserting that his government’s reforms are stabilising the nation’s finances and laying the foundation for future growth.
Speaking at the State House in Abuja, Tinubu said his administration inherited a country facing severe fiscal pressures when it assumed office in May 2023, but insisted the worst has now been overcome. “Today, I can stand proudly before you and say that we are back from the brink,” the president stated, emphasising what he described as progress in national recovery.
The Nigerian leader has repeatedly pointed to tough economic reforms — including the removal of long‑standing fuel subsidies and broad fiscal restructuring — as central to reversing the nation’s downward trajectory. He told supporters the changes were necessary to avert deeper crisis and stressed that Nigerians are now seeing the early benefits of these actions.
However, his government’s economic approach has prompted debate, with critics highlighting ongoing challenges such as high inflation and persistent security issues.
Independent observers argue that though some macroeconomic indicators have improved, many Nigerians continue to feel the effects of the cost‑of‑living crisis.
