Tope Fasua, Special Adviser to President Bola Tinubu on Economic Matters, says the country is beginning to recover from the economic shocks caused by the administration’s reforms.
Fasua spoke during an interview with Arise News on Saturday, saying the removal of the petrol subsidy and unification of the foreign exchange market triggered significant economic disruptions, particularly in late 2023 and 2024.
“The worst we got was late 2023, the shock, immediate shock, after-effect of those reforms in 2023. And of course, 2024 was a tough year. 2025 was the year that inflation started to reduce, not only because it was rebased, but because prices started to fall,” he said.
According to him, recent economic indicators suggest that the economy is now recovering from the initial impact of the reforms.
Fasua cited Nigeria’s 4.43 percent gross domestic product growth recorded in the second quarter of 2026 as evidence of improving economic activity.
