Tinubu’s Reforms Are in the Right Direction, He Has Stabilized the Economy – Okonjo-Iweala

The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has commended President Bola Ahmed Tinubu for his economic reforms, stating that his administration has succeeded in stabilizing Nigeria’s economy.

Okonjo-Iweala made the remarks on Wednesday, August 14, 2025, after a closed-door meeting with President Tinubu at the Aso Villa in Abuja. The meeting, held at the nation’s political capital, focused on trade-related discussions of national, continental, and global significance. Eyes Of Lagos reports,

“Tinubu Deserves Credit for Economic Stability”

Speaking to State House correspondents, the former Nigerian Minister of Finance praised the Tinubu administration for taking decisive steps to steady the nation’s economy.

“We at the WTO think the President and his team have worked hard to stabilize the economy, and you cannot improve on an economy unless it is stable. He has to be given the credit for achieving that stability,” she said.

Okonjo-Iweala noted that while the reforms are moving in the right direction, the next phase must focus on boosting growth and supporting vulnerable citizens.

“The reforms have been in the right direction. What is needed next is growth. We now need to grow the economy and put in social safety nets so that people feeling the pinch of the reforms can have support to weather the hardship,” she added.

Focus on Growth and Social Support

The WTO chief stressed the importance of inclusive economic growth, urging the government to ensure that reforms benefit all Nigerians, especially those most affected by the rising cost of living.

Her comments come amid ongoing debates about the impact of Tinubu’s policies — including the removal of fuel subsidies and foreign exchange unification — on both economic indicators and the everyday lives of citizens.

With the President’s reform agenda still unfolding, Okonjo-Iweala’s endorsement signals confidence from the global trade body in Nigeria’s economic direction.