Tinubu's Economic Reforms Set Stage for Nigeria's Growth
Since May 2023, President Bola Ahmed Tinubu has implemented significant economic reforms in Nigeria, which include the Electricity Act signed in June 2023. This act allows states to regulate intrastate power markets, with 16 states, including Abia, transitioning to state regulation by July 2026.
The administration is advancing major infrastructure projects such as the Lagos–Calabar Coastal Highway and the Sokoto–Badagry Superhighway, while also rehabilitating key federal roads. Additionally, Nigeria aims to irrigate 500,000 hectares of farmland by 2030, supported by the World Bank-assisted SPIN project.
A September 2026 Nigeria–US minerals framework has opened investment opportunities, with an estimated $700 billion potential in mineral resources. Tinubu's value-addition policy promotes domestic processing of various cash crops, and an offshore framework approved in August aims to unlock up to $50 billion in potential investment.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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