IMPI applauds Tinubu’s policies, as Naira gets continental prominence
Abuja, April 2026 (TBL Africa) The Independent Media and Policy Initiative (IMPI), says the economy since 2023 strongly indicates success which has elevated the Naira to Africa’s second-best-performing currency against the dollar year-to-date.
The think-tank faulted the frequent public espousal of reform failure by opposition politicians in the country.
The Chairman of IMPI, Dr Omoniyi Akinsiju, expressed the group’s position in a statement on Tuesday in Abuja.
Akinsiju said that, though there were some challenges inherent in the implementation of the reform policies, President Bola Tinubu’s policies had accomplished a sovereign’s economic rejuvenation.
According to him, this includes the resuscitation and strengthening of the real sector of the economy.
He said that the reforms had led to a state of buoyancy in private-led companies and sufficiently guaranteed the employment of about 9.64 million Nigerians in the private sector.
“The situation implies increase in retained earnings that will in turn, crystallise in business expansion that will also reflect in higher Gross Domestic Product (GDP) numbers for the year.
“In addition, these higher-than-expected earnings rebound of many listed corporates has unlocked a total of N1.7 trillion in payouts to shareholders, marking the strongest rise in recent years.
“The rebound in business returns is not limited to companies in the formal sector only.
Akinsiju said that the figures in the informal sector, where the majority of Nigeria’s workforce is engaged, also saw a high 65 per cent jump in revenue, according to a Moniepoint 2025 survey.
“We note that the strong earnings cycle reflects how companies have adjusted to the new policy environment through pricing power, operational efficiency, and expansion into new revenue streams,’’ he said.
He said that the policies had led to the resurgence of revenue and profitability in privately managed companies.
According to him, it also has far-reaching implications for GDP, employment, poverty reduction, and wealth creation, leading to a state of general prosperity from now on.
“Our affirmation of the recovery of the nation’s critical real sector is predicated on the framework of market reality.
“This represents the actual, current conditions of the marketplace, including consumer behaviour, competitor actions, and economic constraints.
“Our submission is corroborated by verifiable data that profiles the performance of quoted companies on the Nigerian Stock Exchange and artisanal enterprises in the informal sector, ” he said.
