2026 budget: Senate backs Tinubu’s reforms as foundation for stability
The Nigerian Senate supports President Tinubu's economic reforms as necessary for long-term stability and growth during a public hearing on the 2026 Appropriation Bill.
The Nigerian Senate has expressed strong support for President Bola Tinubu's economic reforms, stating that while these measures may bring short-term pain, they are essential for establishing a foundation of long-term stability and inclusive growth. Senator Solomon Adeola, who chairs the Senate Committee on Appropriations, emphasized that the country stands at a crucial juncture in its economic journey, highlighting the necessity of reform as a way to address deep-rooted structural weaknesses and to restore investor confidence.
During a public hearing on the 2026 Appropriation Bill held at the National Assembly Complex in Abuja, Adeola outlined the significant reforms undertaken by the government over the past two and a half years, describing them as some of the most impactful in Nigeria’s recent history. His comments reflect a broader consensus within the Senate on the urgency of these reforms for steering Nigeria away from its current economic difficulties.
This endorsement of President Tinubu's reforms comes at a time when many Nigerians are grappling with the immediate impacts of such measures. Nevertheless, the Senate's stance suggests a belief in the long-term benefits that these economic changes may bring, indicating a commitment to navigating through these challenges to forge a path towards renewed economic resilience and shared prosperity for the nation.