The economy is showing signs of stabilisation. According to the Alliance for Economic Research and Ethics, progress has been made and this should be acknowledged. The Tinubu administration has taken significant decisions, including the removal of the petrol subsidy and the movement towards a more market-based foreign-exchange regime.

These decisions have imposed pain but have also addressed distortions that were weakening the economy. The administration also abandoned monetary financing of fiscal deficits, rebuilt external reserves, and tightened monetary policy.

Further details on the economy's progress and the administration's decisions are available from the Alliance for Economic Research and Ethics.