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Nigeria’s Finance Minister Taiwo Oyedele pushed back on the World Bank’s position that poverty worsened because the reforms failedOyedele said the removal of fuel subsidies and other policy changes were designed to reset Nigeria’s fiscal position after years of distortionsThe minister pointed to nearly 10% real per capita income growth in dollar terms in 2025 as evidence the reforms are working
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has defended the government’s economic reform programme, saying the rise in poverty that followed the policy changes was an unavoidable part of correcting long-standing fiscal imbalances rather than a sign that the reforms had failed.
Oyedele made the remarks while responding to concerns about the human cost of the reforms, particularly the removal of fuel
