Nigeria reforms helped to avert economic collapse, finance minister says

Published on: Wednesday 19 August 2026

ABUJA, Aug 19 (Reuters) - President Bola Tinubu's overhaul of Nigeria's economy, including scrapping a costly fuel subsidy and devaluing the currency, has helped to stabilise public finances, lift foreign reserves and attract investment, Finance Minister Taiwo Oyedele said on Wednesday. Tinubu's 2023 reforms have won backing from investors and international lenders, but for ordinary Nigerians

News source: https://www.msn.com/en-us/money/markets/nigeria-reforms-helped-to-avert-economic-collapse-finance-minister-says/ar-AA2asuCv

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Nigeria reforms helped to avert economic collapse, finance minister says