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Cardoso says Tinubu’s Tough Reforms Are Showing Positive Results For Nigeria
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the economic reforms introduced by President Bola Tinubu’s administration in the past eighteen months are tough but already yielding positive results.
Cardoso made this known in excerpts released after the 2025 IMF and World Bank Spring Meetings in Washington D.C. He said Nigeria’s delegation attended the meetings to showcase the economic steps taken under Tinubu’s leadership.
According to him, the country has strengthened its monetary buffers and is now in a better position to withstand external shocks. He assured Nigerians that although the reforms are not easy, they are pushing the economy from a place of weakness toward one of growing strength.
Since 2023, Tinubu’s government has rolled out major reforms like liberalising the foreign exchange market and removing fuel subsidies. Under Cardoso’s leadership, new measures like the FX code, the Electronic Foreign Exchange System (EFEMS), and the recapitalisation of the financial system were also introduced.
Meanwhile, Nigeria’s inflation dropped to 23.18 percent in March 2025, while the interest rate stood at 27.50 percent in February, even as the cost of living remained high.
The Chairman of Gboko Local Government Area of Benue State, Torseer Yina, has imposed a dusk-to-dawn curfew in the ancient town.
The curfew takes effect from Thursday, October 8, 2026, following unrest and violent protests in the area.
According to reports, the action was taken to contain the unrest and violent protests by members of BEMOA following the death of one of its members by unknown gunmen.
The protest, which was reportedly hijacked by hoodlums, turned violent after an angry mob burnt two vehicles belonging to the Benue State Civil Protection Guards.
The Gboko council chairman said the curfew takes effect immediately and warned that anyone caught flouting the order or breaching public peace would be decisively dealt with.
Nine people have died in a fatal road crash along the Ijebu-Ode-Benin Expressway in Ogun State.
The crash occurred on Monday at about 4:55pm around the Bethel area along the Ijebu-Ode/Ore axis of the expressway. It involved a white Toyota Hiace commercial bus belonging to Delta Line and a white Sino truck operated by Bill Gas Solution Ltd.
According to the Federal Road Safety Corps (FRSC), all nine people involved in the crash, comprising three males and six females, died in the incident.
The FRSC said the crash occurred while it was raining and the road was wet, with preliminary investigations identifying speed violation as the probable cause.
The FRSC rescue team arrived at the scene shortly after receiving the report, while the bodies of the victims were taken to the General Hospital Morgue in Ijebu-Ode.
The Ogun State Sector Commander, Oludare Ogunjobi, urged motorists, especially commercial drivers, to obey speed limits and exercise extra caution when driving in the rain.
Minister of Education, Dr Tunji Alausa, speaks on the role and importance of teachers in the world to celebrate Teachers’ Day today.
He spoke on technology and its advancement and shared that while it is going well, teachers can never be replaced.
“These tools can help teachers reach learners and tailor instruction, but the judgement, encouragement and human connection of a skilled teacher remain indispensable,” he said.
“Every doctor, engineer, scientist, entrepreneur and public servant has benefited from a teacher and could not have become what they are today without teachers,” the minister said.
“When we honour teachers, we honour the people who make every other profession possible.”
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