President Bola Tinubu says Nigerians are now seeing the positive results of his administration’s reforms.

Since he assumed office in May 2023, Tinubu has scrapped subsidies on petroleum products and floated the naira, the result of which worsened inflation and subjected the masses to hardship.

But receiving the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, on the sidelines of the G20 Leaders’ Summit in Rio de Janeiro, Brazil, Tinubu assured that his administration will continue prioritizing the welfare of the poor and most vulnerable even as the economic reforms bear fruit.

He acknowledged that the reforms had weakened Nigerians’ purchasing power, but said his government will continue to provide social safety nets to cushion the unintended consequences.