Three years into President Bola Tinubu's administration and Nigeria is sitting at a very interesting crossroads. The president marked his third anniversary on May 29, 2026, with a nationwide broadcast where he defended the tough decisions his government took since 2023. He acknowledged the hardship caused by the removal of the fuel subsidy and foreign exchange reforms but insisted these measures saved the country from fiscal collapse. (Thestar) According to Tinubu, Nigeria was spending as much as N18.4 billion daily on petrol subsidies at the peak of the regime, amounting to over N4 trillion in 2022 alone. (Vanguard News) That is an enormous drain on national resources that most Nigerians were not fully aware of. Now the numbers are starting to tell a different story. The Nigerian stock market witnessed unprecedented growth, with the All Share Index rising from 53,000 in 2023 to 250,000 in 2026, while market capitalisation increased from N30 trillion to N160 trillion. (Thestar) Those are not small figures. As of May 2026, the naira has stabilised around N1,400 to the United States dollar in the official market after previously depreciating beyond N1,800 during the peak adjustment period. (Blueprint Newspapers Limited) Progress? Arguably yes. But for many households still struggling with food prices and high electricity costs, the macroeconomic data does not yet translate into relief at home. Tinubu cited more than 2,700 km of roads under construction or rehabilitation and ongoing rail upgrades (CNBC Africa) as proof that infrastructure investment is moving. The conversation Nigeria needs to have right now is not just about numbers on a chart but about how long ordinary people can hold on while the so called foundation gets built. What do you think? Is the economy actually improving where you are? Drop your honest thoughts in the comments and share this with someone who needs to read it.
