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| President Bola Tinubu at Abuja summit discussing economic reforms |
Nigerians are feeling the pinch of higher pump prices, a floating naira and new taxes. The BAT Movement, an advocacy arm for President Bola Tinubu, says these tough steps will pay off. Its founder, Biodun Ajiboye, told a summit in Abuja that the president “knows our pain” and is working for a stronger economy in the years ahead.
Mr Ajiboye asked citizens to push aside critics seeking political gain. He called subsidy cuts, currency reform and sharper tax rules “necessary pains” on the road to a more varied and resilient economy. He said tackling root causes, instead of quick fixes, shows real resolve to fix Nigeria’s woes.
Data back the view that reform is reshaping the economy. After surging to 34.2 percent in June 2024, headline inflation eased to 22.97 percent in May 2025, thanks partly to tighter policy by the central bank . Unemployment has fallen to about 4.3 percent in mid-2024, as more people find work outside farming . Meanwhile, growth rose to 4.6 percent in the last quarter of 2024, the strongest in a decade, lifting full-year 2024 to 3.4 percent .
These figures mask hardship on the ground. Many homes have seen food and transport costs jump. Streets filled with “End Bad Governance” protests last year show deep unease. Critics warn the poor bear the brunt of policy shifts before gains arrive. They urge the government to soften the blows with direct help for those in greatest need.
The BAT Movement points to the on-going road, rail and power projects as proof of intent. New highways and ports aim to unlock trade, while power plants may ease chronic energy shortages. Yet experts say infrastructure will matter little if people cannot afford basics today. Some call for targeted cash grants and a clearer safety-net plan for vulnerable groups.
Here is what we know so far:
Reform targets: fuel subsidy cut, naira float, tax overhauls.
Recent results: inflation down to 22.97 percent (May 2025), growth at 4.6 percent (Q4 2024), unemployment at 4.3 percent (Q2 2024).
Next steps: scale up social support, deepen FX market, ramp up infrastructure.
Experts say patience must go both ways. Citizens should allow time for policies to take root. At the same time, leaders must move swiftly to shield the most needy. Clear data-driven updates can keep trust alive.
Nigerians can help by sharing honest feedback, offering local solutions and holding leaders to account. A balanced debate—free of spite or spin—can point out where reforms lag and where they shine. Constructive dialogue allows course correction without derailing the bigger plan.
Stakes remain remarkably high. Nigeria might possibly break free from boom and bust economic cycles if proposed reforms somehow stick. A stable naira alongside fairer taxation and reliable power supply can lure investors back in. Schools hospitals and farms are likely to receive steadier funding subsequently. Incomes might rise significantly over time easing living costs quite considerably.
But if impatience wins, there is a risk of political backlash. Calls for reversals could stall progress and scare off investors. That would trap many Nigerians in the same daily struggle.
Right now, Nigeria stands at a crossroads. Will it weather short-term pain for long-term gain? Or will it slip back into old patterns? The message from the BAT Movement is clear: stay calm, stay involved and stay hopeful.
What do you think? Share your views on how reforms are affecting your community. Constructive ideas and real stories can guide leaders to refine policies and protect the people who need help most.