Nigeria’s Economy Under Tinubu Working, On Turning Point-Says The Economist

One of the world’s renowned financial tabloids, The Economist, has stated that the Nigerian economy under the administration of President Bola Ahmed Tinubu is on a turning point, reports Business Today NG.
This assessment by the financial tabloid comes as the monetary policy committee of Nigeria’s central bank meets on Tuesday, 22 July, 2025 to set interest rates.
Economist says the world is watching with keen interest as the economy of Africa’s most populous nation just as it also added that signs that the beleaguered economy of Africa’s sleeping giant is about to turn the bend.
Even if there is a cut, they are likely to remain high, as the country has been operating a tight monetary policy to bring down inflation.
The approach by the Central Bank of Nigeria (CBN) under Olayemi Carsdoso, according to The Economist, seems to be working: headline price growth fell for a third consecutive month to 22.2% in June, an almost two-year low.
After a tumultuous few years, Nigeria’s currency appears to be stabilising.
This comes despite a drop in the price of oil, the country’s main export.