Tinubu Acknowledges Economic Struggles Amid Reforms

President Bola Tinubu acknowledged the challenges Nigerians are facing due to rising living costs during a speech on Sunday. He noted that despite the economic reforms implemented by his administration over the last three years, Nigerians continue to grapple with hardships.

The inflation rate in Nigeria rose to 15.69% in April 2026, up from 15.38% in March. Tinubu defended several economic decisions made by his administration, including the removal of fuel subsidies and reforms in the foreign exchange market, describing them as necessary steps to stabilize the economy.

He also mentioned achievements in the power sector, including the supply of 2.5 million meters and a bond program of N4 trillion aimed at settling legacy debts owed to power generation companies. Tinubu emphasized the need for infrastructure investment and pledged to address insecurity, calling for constitutional amendments to allow for the creation of state police.

He urged national unity and cooperation among Nigerians to build the country.