President Bola Tinubu says Nigeria’s economy is improving, with states now able to meet salary obligations without federal bailouts.
President Bola Ahmed Tinubu has stated that Nigeria’s economy is on a recovery path, noting that state governments are now able to pay workers’ salaries without depending heavily on federal intervention.
The President made the remark while highlighting what he described as improving fiscal stability across the country, suggesting that recent economic reforms are beginning to yield results.
According to him, subnational governments are no longer struggling as they once did, indicating a shift in the financial health of the federation.
The statement comes amid ongoing national discussions on inflation, revenue allocation, and the impact of federal economic policies on households and state finances.
While details of the specific fiscal indicators were not provided in the initial report, the President’s position underscores the administration’s consistent claim that economic reforms are stabilising government revenue and improving liquidity across states.