In an update published by The Nation, the presidency has reiterated that recent macroeconomic and fiscal policy reforms are delivering tangible gains, pointing to sustained increases in external foreign reserves and improved net capital inflows into the economy. Senior government officials urged investors and citizens to focus on long-term structural benefits rather than short-term stabilization adjustments.
Addressing business leaders and economic stakeholders at a regional investment forum, official representatives highlighted that foreign currency liquidity has stabilized, giving the central bank greater capacity to manage external obligations. The government maintained that market-driven monetary policies are restoring foreign investor confidence in Nigerian assets.
The administration reaffirmed its commitment to maintaining fiscal discipline, expanding infrastructure investments, and creating an enabling environment for private capital. Officials added that ongoing reforms would continue to be fine-tuned to protect vulnerable households while positioning the private sector as the primary engine of economic growth.
Naija News supported the statement, reporting that “the foreign reserves position has recorded positive trajectories due to sustained capital imports and fiscal tightening.” Meanwhile, Channels TV reported that “government representatives emphasized that structural reforms are essential to attracting long-term foreign direct investment and stabilizing the local currency.”
Echotitbits take:
While rising foreign exchange reserves offer macro-level relief, the tangible success of these reforms relies on translating macroeconomic growth into reduced domestic living costs. Policy focus must remain locked on taming food inflation and ensuring that foreign capital inflows are directed toward labor-intensive sectors like manufacturing and power.
Source: Facebook – https://www.facebook.com/urbanradio945/posts/vice-president-kashim-shettima-has-commended-president-bola-ahmed-tinubus-econom/1496996665779390/, and August 15, 2026
Photo credit: The Guardian
