Muhammadu Sanusi II, Emir of Kano, says President Bola Tinubu’s administration deserves credit for pulling Nigeria’s economy back from the brink. Speaking at the Oxford Global Think Tank conference convened by Arunma Oteh, Sanusi points to improving indicators including economic growth, falling inflation, higher foreign reserves, and export diversification. He says the country is laying “foundations” for stability, while still facing significant hurdles that require sustained progress.
Sanusi cites figures such as GDP growth of 4.48% in Q2 2026, inflation falling from about 30% to 14.6% with a projection of 12.5%, and foreign reserves at around $55 billion. He also argues that reserves partly reflect volatile foreign portfolio investment flows, influenced by oil prices amid the war in the Strait of Hormuz, and that diversification is beginning, including exports linked to the Dangote Refinery.
Some outlets also emphasise Sanusi’s criticism of how Tinubu’s government responds to public suggestions. He says the administration treats comments and contributions it does not like as attacks and lacks effective spokespersons, while reiterating that credit is due for economic reforms.
