The Digest:
Vice President Kashim Shettima has declared that Nigeria is now on the right track, saying the economic reforms of President Bola Tinubu's administration are yielding positive returns. Speaking at the Nasarawa Economic Summit 2026, Shettima noted that the removal of fuel subsidy was an on-the-spot decision that was not in Tinubu's official speech. He said gross external reserves have been recovering, and investors who entered the capital market a year ago are now worth three times their investments, citing Zenith and GT Bank stocks rising from N40-N50 to N130. "Confidence is returning to the marketplace," he said.
Key Points:
- Tinubu took the fuel subsidy removal decision on the spot during his inauguration speech.
- External reserves have been recovering from previously paltry levels.
- Bank stocks have more than doubled in value over the past year.
- Shettima says capital follows credibility, stability, and direction.
- The Presidency insists it will not bring back fuel subsidy.
Watch whether the economic recovery translates into improved living standards for ordinary Nigerians.
Sources: Channels Television, Vanguard
