Shettima Credits Tinubu's Reforms for Economic Stability

Vice President Kashim Shettima asserted that President Bola Tinubu's economic reforms were crucial in preventing Nigeria from sliding into a deeper crisis. Speaking to journalists in Lagos, Shettima noted that when the Tinubu administration took office, the country's foreign reserves were below $3.9 billion, insufficient for even a month’s fuel imports.

He praised Tinubu's "courage and conviction" for implementing significant decisions such as the removal of the fuel subsidy and the unification of multiple exchange rates. Shettima acknowledged the ongoing economic difficulties faced by Nigerians but emphasized that the government was rolling out measures to mitigate these hardships.

He announced plans for new initiatives, including an e-logistics scheme in the North-West and the introduction of 10,600 electric tricycles in the North-East. This meeting marked the first public engagement between Tinubu and Shettima since Tinubu's return from a European vacation and Shettima's return from the 81st United Nations General Assembly.

Opposition figures have challenged the administration's economic assessments.