PRESIDENT BOLA AHMED TINUBU'S POLICIES
A BRIEF SUMMARY OF SOME POLICIES OF THE PRESIDENT
ECONOMIC REFORMS
ALL ECONOMIC REFORMS UNDER PRESIDENT TINUBU
Fuel Subsidy Removal (May 2023):
Ended the long-standing petrol subsidy regime immediately upon taking office, aiming to reduce fiscal deficits.
Foreign Exchange Unification (June 2023):
Floated the naira against the dollar to create a market-driven exchange rate and reduce arbitrage.
Tax Reforms (2025):
Signed four major tax reform bills into law to increase government revenue, including the Nigeria Tax Act 2025 and Nigeria Tax Administration Act 2025.
Stopped reliance on Central Bank of Nigeria (CBN) borrowing to curb inflation and restore fiscal discipline.
Initiated reforms to strengthen financial institutions.
Social Investment and Welfare
Student Loan Scheme (NELFund
Established to provide interest-free loans to students in higher education.
National Minimum Wage Increase (2024):
Signed a new National Minimum Wage Act, raising it to 70,000 per month.
Established to improve access to credit for citizens, and the middle class.
Implemented conditional cash transfers and released grains to mitigate the high cost of living
Energy and Infrastructure
Decentralized power sector management to improve efficiency.
Launched a 100 Billion Naira Compressed Natural Gas (CNG) initiative to provide cheaper transport fuel alternatives.
Initiated major projects, including the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Superhighway.