Tinubu’s Economic Reforms Bearing Fruit as CBN Eases Interest Rates
The Central Bank of Nigeria’s decision to cut the Monetary Policy Rate to 27% is a direct validation of the Tinubu administration’s bold economic reforms. With GDP growth strengthening and inflation on a steady downward path, the CBN now has the confidence to pivot towards supporting businesses, households, and job creation.
The last time the Central Bank of Nigeria (CBN) cut the Monetary Policy Rate was in September 2020, when it lowered the MPR from 12.5 % to 11.5 %.
The cut means cheaper loans for entrepreneurs, more affordable credit for families, and lower debt servicing costs for government — freeing up resources for infrastructure and social investments. It also signals to investors at home and abroad that Nigeria’s economy is stabilizing and set on a growth trajectory.
This is the clearest sign yet that the tough decisions taken in the early months of the administration — from fuel subsidy removal to tax and revenue reforms — are now yielding results. The easing of monetary policy is not just a technical move; it is a vote of confidence in Nigeria’s economic direction under President Bola Tinubu.
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