Former President of the Senate, Dr. Bukola Saraki, has warned that Nigeria’s recent economic reforms will collapse under public pressure unless they translate into concrete improvements in living conditions.
Saraki insisted that adjustment without visible social benefits is neither sustainable nor acceptable.
He spoke at the launch of the Ignite Nigeria Economic Outlook 2026 Report, themed “Nigeria’s Economic Outlook 2026: From Adjustment to Advantage,” where he said the country has reached a critical turning point after years of difficult but necessary economic restructuring.
He noted that reforms such as removing fuel subsidies, unifying the foreign exchange rate, tightening monetary policy to curb inflation, and early efforts to restore fiscal credibility have tested public trust and social resilience.
However, he said they have also laid the foundation for a more transparent and competitive economy.
“The question before us is not whether reform was necessary—it was inevitable. The real question is whether Nigeria can now translate reform into inclusive growth,” Saraki said.
He stressed that economic success cannot be measured solely by macroeconomic indicators, warning that reforms would not endure unless Nigerians begin to feel tangible improvements in their daily lives.