Market News
Nigeria’s Tinubu Defends Economic Reforms Blamed for Hardship - BLOMBERG
By Ruth Olurounbi and Anthony Osae-Brown
Nigerian President Bola Tinubu defended sweeping economic reforms implemented since he took power in May 2023 as necessary to prevent a national crisis.
“We were spending our future, we were spending our generation’s fortune,” he told a rare media briefing in Lagos, the commercial capital, on Monday. “Why should you have expenditure that you do not have revenues for?”
