Senator Sani Musa: Tinubu’s Economic Reforms Are the Best Thing to Happen to Nigeria

Senator Sani Musa, chairman of the Senate Committee on Finance, has described President Bola Tinubu's recent economic reforms—especially the removal of the fuel subsidy and the floating of the naira—as some of the best decisions Nigeria has ever made.

When President Tinubu took office in May 2023, he eliminated the long-standing fuel subsidy, which had been costing the government billions annually, and liberalized the naira in an effort to attract investment. While these changes have been praised by investors and officials as essential for revitalizing Nigeria's economy, the country is currently facing challenges, with petrol prices quadrupling and inflation reaching 25%.

Speaking on Channels Television's Politics Today on Friday, Senator Musa emphasized the significance of these reforms. “Removing the subsidy is the best thing that has happened to this country,” he stated, adding that the government aims to ensure these changes benefit Nigerians without negative repercussions.

As a representative of Niger East, Musa also commented on the Federation Account Allocation Committee's (FAAC) monthly fund distribution to states, suggesting that some state governments are not fully utilizing these resources to address critical issues. “Today, how much are we owing?” he questioned. “If the money that Nigeria is making today and the money that FAAC is distributing to the states, the state governments utilize that money adequately, a lot of things will go well.”