President Bola Tinubu, on Tuesday in Abuja, said colonial-era tax laws impoverished Nigerians through fragmentation, multiplicity, and inconsistencies, and assured that the new reforms will deliver greater prosperity and inclusivity. 

Nigeria’s economy is projected to grow faster than that of eight major economies, including the United States, United Kingdom, and Germany, by 2027, according to the International Monetary Fund (IMF).

President Bola Tinubu says his administration’s economic reforms are designed to confront structural weaknesses, restore fairness, and rebuild confidence in public institutions.  

The Chairman of the Nigeria Revenue Service, Zacch Adedeji, has defended Nigeria’s current fuel pricing, stating that petrol is now significantly cheaper compared to global benchmarks, while also highlighting the disappearance of fuel queues across the country.

Nigeria’s cash liquidity cycle showed signs of normalisation in February 2026, as currency held outside banks fell slightly by 0.058% to ₦5.20 trillion, reflecting easing demand for physical cash after the year-end spending surge. 

The Nigerian Independent System Operator (NISO) says the country’s power sector is losing between ₦5bn and ₦8bn monthly due to transmission inefficiencies.