The Tinubu government has, almost certainly, made changes to the Nigerian economy. Depending on where you are looking at these changes from, they have been audacious, as in the decision to stop draining the treasury to provide petrol subsidies that repeatedly did not reach the programme’s target population segment. The decision to free prices in the foreign exchange markets was equally bold. Some would even argue that these changes had a loftier redistribution goal. As with the changes to the tax code, they returned the advantage in the financing of the economy to the poor and vulnerable. This latter pattern is evident in the government’s putting in place of a students loan scheme.
Nigerian economy: Stability 1: Reforms 0, By Uddin Ifeanyi
