Nigeria Revenue Service data published July 8 shows the country's external reserves rose from US$3.99bn to US$50.11bn and federal tax collections rose from ₦12.3tn to ₦28.3tn since President Bola Tinubu took office in May 2023; the Federal Ministry of Industry simultaneously reaffirmed Nigeria's readiness for global energy investment
Nigeria's 16th president since May 2023, who built the APC coalition and launched the continent's most closely watched fuel-subsidy and currency reform.
Nigeria's commercial capital is Africa's fastest-growing tech ecosystem, home to five unicorns and the continent's densest concentration of fintech startups.
Markets and FAAC allocations have surged since the subsidy was cut and the naira floated, but petrol has risen more than fourfold and households are still squeezed