FG Acknowledges Inflation and Insecurity Challenges

During a press conference on Democracy Day, Georg Akum, representing the Federal Government of Nigeria, acknowledged that inflation and insecurity remain significant challenges despite economic reforms introduced by President Bola Tinubu's administration over the past three years. Akum noted that recent economic indicators suggest improvements, with Nigeria's gross domestic product growing by 4.07% in the fourth quarter of 2025 and 3.89% in the first quarter of 2026.

He highlighted the government's social intervention programs, including cash transfers and student loans, which aim to alleviate hardship for millions of households. Akum also defended fiscal reforms, including tax measures enacted in 2025, aimed at improving revenue generation and strengthening public finance.

While he conceded that insecurity remains unresolved, he called for citizen support for security agencies and emphasized the importance of interfaith dialogue to promote national cohesion. The government intends to build on ongoing reforms and seek public endorsement ahead of the 2027 general elections.