Tinubu Reforms Is Driving Renewed Confidence In Naira

Economic reforms introduced by President Bola Tinubu are beginning to restore foreign confidence in the Naira, according to his Special Adviser on Information and Strategy, Bayo Onanuga.

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Onanuga, in a statement released on his X account, said the Naira is gradually being recognised as a viable international means of exchange. He explained that the reforms are reducing Nigeria’s overdependence on the US dollar and improving the outlook of the local currency in global trade.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

He cited examples from Chinese e-commerce platforms that now allow direct payments with Naira cards. According to him, this shift reflects a growing acceptance of the Nigerian currency beyond the country’s borders, something he attributed to ongoing policy changes under Tinubu’s administration.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

Onanuga also accused opposition figures of downplaying the progress, claiming they prefer to focus on economic challenges rather than acknowledge improvements. He argued that critics were overlooking the long-term benefits of the reforms, which are designed to stabilise the economy and encourage international trade.

The presidential aide stressed that the wider acceptance of the Naira internationally signals that Tinubu’s policies are beginning to yield results, with the ultimate aim of strengthening Nigeria’s position in the global financial system.