President Bola Tinubu has pledged to cut back inflation to eight% or decrease, enhance average peak electrical energy generation to 7,500 megawatts and increase meals provide if re-elected in January.
The commitments are contained in a marketing campaign plan launched by his ruling All Progressives Congress (APC), outlining measures geared toward easing the price of residing and bettering family buying power.
High costs stay a significant challenge forward of the January 16 election, with inflation staying in double digits since Tinubu assumed workplace in 2023.
Price pressures elevated following the removing of the petrol subsidy and the liberalisation of the international change market, insurance policies launched as a part of efforts to enhance public funds and entice funding.
Tinubu rolls out reduction measures
The APC marketing campaign plan proposes increasing meals storage capability, halving post-harvest losses and growing the home processing of agricultural merchandise. These measures are supposed to handle food-price inflation, which has notably affected lower-income households.
- One of Tinubu’s most important rivals, Atiku Abubakar, has pledged to revive focused gasoline subsidies and deal with starvation. However, his eligibility to contest the election has been referred to as into query following a courtroom ruling.
The marketing campaign guarantees additionally construct on measures launched by the administration forward of the election, together with money transfers of N50,000 to susceptible households and non permanent transport reduction value N70,000 for federal staff.
The authorities additionally introduced a gasoline subsidy of N66 per litre in October, though the non permanent measure has since been allowed to lapse.
The inflation goal follows a interval of easing value pressures, with Nigeria’s headline inflation rate falling to 14.63% in September 2026 from 15.39% in August, marking the fourth consecutive month-to-month decline.
Tinubu’s reforms face scrutiny
Tinubu’s economic policies remain among the most debated issues in Nigeria’s financial panorama.
- Supporters argue that the reforms have improved fiscal stability and strengthened macroeconomic indicators, whereas critics say the adjustment prices have positioned important strain on households and companies.
- Despite stronger income efficiency, Nigeria’s public debt and debt-servicing obligations have elevated underneath the present administration.
- According to the Debt Management Office (DMO), Nigeria’s complete public debt stood at N87.38 trillion as of June 30, 2023, shortly after Tinubu assumed workplace.
By December 31, 2025, the figure had risen to N159.28 trillion, reflecting elevated borrowing, change price changes and the securitisation of legacy obligations.
The marketing campaign plan due to this fact locations inflation discount, electrical energy provide and meals availability amongst its priorities because the administration seeks one other mandate, in opposition to the backdrop of constant debate over the financial impression of its reforms.
