Strong Institutions Key to Tinubu’s Economic Reforms, Experts Say
Experts have stressed that the success of President Bola Tinubu’s economic reforms will ultimately be measured by their impact on the lives of ordinary Nigerians rather than policy announcements.
They noted that reforms such as fuel subsidy removal, foreign exchange liberalisation, tax adjustments and fiscal policies must translate into lower living costs, more jobs, improved public services and greater security.
The experts also highlighted the importance of ongoing debates on resource control, revenue sharing, state policing and constitutional reforms, urging the Federal Government to ensure fairness, transparency and national consensus.
They pointed to the Federation Account Allocation Committee (FAAC) distribution of N2.551 trillion in June 2026 as evidence that states and local governments now have greater financial capacity. However, they stressed that increased allocations must be matched with transparency, accountability and measurable development outcomes.
According to them, lasting reforms depend on strong institutions with clear mandates, competent leadership, effective oversight and respect for the rule of law. They cited countries such as Canada, Singapore, Estonia and Rwanda as examples where efficient public institutions have driven sustainable development.
The experts also called for greater fiscal transparency through digital budgeting, procurement reforms and regular public reporting. They urged governments at all levels to strengthen judicial independence, improve service delivery, enforce accountability and appoint qualified leaders based on competence rather than political considerations.
They further recommended engaging Nigerian professionals in the diaspora, strengthening civil service capacity and introducing performance-based assessments for ministries, agencies and state governments.
The experts concluded that Nigeria’s reform agenda should focus not only on economic growth but also on building institutions capable of delivering quality infrastructure, healthcare, education, security and jobs. According to them, while economic reforms can reshape policies, only strong institutions can deliver lasting national development and restore public trust.
