The Federal Government has unveiled 11 major economic and financial reforms implemented between May 2023 and December 2025, saying the measures are designed to address longstanding structural challenges and lay the foundation for sustainable economic growth.
The reforms were presented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, during a media briefing on the government’s Reform Scorecard.
According to the government, the reforms cover key areas including fiscal policy, taxation, foreign exchange, education, infrastructure, labour, energy and capital markets.
It said the measures were introduced to strengthen public finances, improve revenue mobilisation, attract investment, support businesses and make the Nigerian economy more resilient
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The government stressed that economic reform was not a one-time exercise but an ongoing process requiring difficult decisions, sustained commitment and transparent reporting.
It acknowledged that progress had been recorded since the reforms began but said significant work remained to be done.
“Transparency and accountability remain central to the reform process. Nigerians deserve to understand what is being done, why it is being done, the results being achieved and the challenges that still lie ahead,” the government said.
The government said the broader objective of the reforms was to strengthen the foundations of the economy and create conditions for sustainable prosperity.
11-Day Reform Scorecard Review
The Federal Government is expected to provide more detailed information on each of the 11 reforms, including their objectives, implementation and impact on the economy and Nigerians, as part of an 11-day review of the Reform Scorecard.
The initiative is intended to give Nigerians clearer information on the government’s economic policies, progress recorded so far and the challenges facing the reform programme.
The government maintained that transparency around the reforms would remain important as it continues to assess their impact and communicate the results to the public.
Source: Federal Government / Taiwo Oyedele
