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Tinubu Assures IMF’s Georgieva that Nigeria’s Economic Reforms Are Yielding Positive Results
President Bola Ahmed Tinubu recently assured Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), that Nigeria’s economic reforms are beginning to show positive outcomes.
During their meeting, the President emphasized his administration’s unwavering commitment to alleviating the challenges brought on by these reforms while prioritizing the protection of the nation’s most vulnerable citizens.
President Tinubu highlighted that key aspects of his administration’s agenda include strengthening social safety nets, improving access to education, and driving investments in infrastructure.
He stressed that these efforts are crucial for fostering inclusive growth and ensuring that no Nigerian is left behind in the journey toward economic recovery and development.
In addressing fiscal policies, the President acknowledged the need to expand the country’s tax base as part of broader efforts to achieve sustainable developmental growth.
However, he reassured Nigerians that this would be done responsibly, without imposing additional burdens on a population already grappling with economic hardship.
The meeting with Georgieva comes at a time when Nigeria is undergoing significant economic adjustments, including the removal of fuel subsidies and the unification of the foreign exchange rate.
While these measures are intended to stabilize the economy and attract foreign investment, they have also led to increased costs of living for many Nigerians.
Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.
The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.
FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.
FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”
Governor of Akwa Ibom, Pastor Umo Eno, reflected on a career choice he made when he had no choice back then.
The governor recalled how he made not less than ₦10 million in a month from selling bread and akara.
He stated “I started selling Akara and bread. Back then, I was doing Akara Burger — we opened the bread and put Akara inside for you. I made not less than ₦10 million in a month.”
Many Nigerians reacted and wondered if his reflection was in response to what the First Lady advised Nigerians earlier about selling corn.
Uber makes headlines in Nigeria as it announces that it is leaving the country. The transportation and logistics business has been in operation in Nigeria since 2014 and suddenly announced its exit on September 2, 2026.
This started with users receiving a message from the team stating that the company would be leaving Nigeria, and the announcement quickly began trending as many Nigerians started talking about Uber’s exit.
Uber shared “We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026.
“This wasn’t a decision we made lightly, because it will have a real impact on our teammates and friends who have worked hard for Uber. It’s important to say that these changes are about how we’re organised and what we’re prioritising, not about anyone’s contributions to Uber, which we will always value,” Khosrowshahi said.
FAAN Breaks Silence on Claims Over Uber’s Departure From Nigeria
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