By Tanimu Yakubu In early 2024, Nigeria’s naira collapsed to ₦1,800 per dollar, rattling households and businesses alike. By August 2025, it had strengthened to ₦1,525. For President Bola Ahmed Tinubu, this was not just recovery but the opening proof of his broader political economy: building Nigeria on three foundations — credible currency, concrete infrastructure, and kilowatts of power. Currency reform was the first bold stroke. By floating the naira, clearing a $4 billion foreign exchange backlog, and bringing remittances into official channels, the government restored some measure of trust.…
Read MoreFROM FRAGILITY TO FOUNDATIONS: INSIDE PBAT’S POLITICAL ECONOMY
