Tinubu’s reforms boosting revenue in real sector, say policy group IMPI

The Independent Media and Policy Initiative (IMPI), a policy think tank, has said that economic reforms introduced by President Bola Ahmed Tinubu are driving stronger revenue performance in Nigeria’s real sector.

In a policy brief signed by its Chairman, Dr. Omoniyi Akinsiju, the group stated that companies in the productive sector have adjusted to the new policy environment, recording improved earnings and profitability.

IMPI also criticised sections of the political opposition, accusing them of misrepresenting the impact of the reforms.

“We have followed with concern the bewildering polemics with which Nigeria’s political opposition is deliberately scandalising the public space to demean the economic reforms being implemented by the President Bola Ahmed Tinubu-led federal administration,” the group said.

It argued that contrary to claims of policy failure, available data suggests the economy has shown signs of recovery since 2023, particularly in the real sector.

“While we acknowledge the inevitability of some challenges inherent in the implementation of any body of reform policies, we assert that the Tinubu policies have, in significant ways, accomplished the resuscitation and strengthening of the real sector of the economy,” it added.

According to IMPI, the resurgence is reflected in rising revenues and profitability among quoted companies, with implications for GDP growth, job creation, poverty reduction and wealth generation.

The group said its conclusions were based on “market reality” and supported by performance data from listed companies on the Nigerian Exchange and operators in the informal sector.