Reimagining Nigeria’s Political Economy: An Overview of President Tinubu’s Reformist Strategies

Abstract

This research examined the economic reforms launched by President Bola Ahmed Tinubu since the inauguration in May 2023, which focuses on the goals, implementation and impact on Nigeria's political economy.  Literature review focused on major reforms including the removal of fuel subsidy, integration of exchange rates, infrastructure development and fiscal adjustment. Also, the researchers adopted development economic theory as the theoretical framework. The methodology adopted is descriptive research design based on secondary data and utilizing case studies and available records. The findings revealed that the purpose of these reforms is aimed at stabilizing and developing the Nigerian economy. Again, the reforms have also led to significant short-term challenges, including inflation and public dissatisfaction. The study recommends the strengthening of Social Safety Nets through expansion of conditional cash transfers and food assistance programs to cushion vulnerable populations during the transition period to maintain the speed of improvement thereby reduces the side effects on the population.