Akume Advocates Reforms to Prevent Nigeria's Collapse

During the 66th Independence Anniversary Lecture in Abuja, Senator George Akume, the Secretary to the Government of the Federation, emphasized the necessity of bold reforms initiated by President Bola Ahmed Tinubu's administration since 2023 to avert Nigeria's imminent collapse. He noted that these reforms, including the removal of the petrol subsidy and unification of the foreign-exchange market, have begun yielding positive results, with Nigeria's real GDP growing by 4.2% in the first half of 2026, up from 3.9% the previous year.

Akume pointed out significant infrastructure investments, such as the Lagos–Calabar Coastal Highway and the Abuja-Kano highway, aimed at enhancing trade routes. He also mentioned efforts to tackle power sector issues and promote Compressed Natural Gas (CNG) usage, which has led to over 120,000 vehicles being converted.

Additionally, he highlighted the World Bank's approval of a $500 million credit for the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) project to improve food security.