This year marked Nigeria’s rare economic turnaround in at least a decade, with citizens beginning to feel the early impact of sweeping government reforms. In his Independence Day address on October 1, 2025, President Bola Tinubu had declared that “Nigeria has finally turned the corner,” insisting that “the worst is over.” BusinessDay examined key macroeconomic data and on-the-ground realities to assess whether the country has indeed emerged from its 'shock therapy,' a reform drive that fuelled inflation and unleashed the worst cost-of-liv
This year marked Nigeria’s rare economic turnaround in at least a decade, with citizens beginning to feel the early impact of sweeping government reforms. In his Independence Day address on October 1, 2025, President Bola Tinubu had declared that “Nigeria has finally turned the corner,” insisting that “the worst is over.” BusinessDay examined key macroeconomic data and on-the-ground realities to assess whether the country has indeed emerged from its 'shock therapy,' a reform drive that fuelled inflation and unleashed the worst cost-of-liv