Tinubu: More reforms coming; subsidy removal necessary sacrifice

President Bola Tinubu pledged to deepen ongoing economic reforms if re-elected, stating that tough decisions taken are beginning to stabilize Nigeria's economy. During an interview at the Africa CEO Forum in Kigali, he defended the removal of fuel subsidies and the unification of the foreign exchange market, describing them as painful but necessary steps to prevent economic collapse. Tinubu emphasized that the old subsidy regime encouraged corruption and smuggling.