Ex-IMF Expert Calls for Economic Relief for Nigerians

Dr Ifediora Amobi, a former expert at the International Monetary Fund and World Bank, called on the Federal Government to transform the economic gains from its reforms into tangible benefits for Nigerians. He commended the expertise of Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, describing it as a national blessing.

Amobi's remarks come as concerns about the high cost of living persist, despite the government citing improved public finances and increased revenue under President Bola Tinubu's economic reform programme. Oyedele reported that between June 2023 and December 2025, the reforms generated N20.4 trillion in incremental resources, including N15.8 trillion from the removal of the petrol subsidy.

Amobi stressed the importance of sustaining reforms while implementing measures to cushion the economic impact on households and businesses. He urged the government to focus on efficient resource deployment to meet development needs and improve accountability to build a resilient economy.