Tinubu Pledges to Tackle Inflation, Deepen Financial Transparency

President Bola Tinubu has reaffirmed his administration’s commitment to curbing inflation and promoting economic stability through improved fiscal governance, transparency, and active citizen participation.

The President made this declaration on Monday while inaugurating the National Conference on Fiscal Governance, Transparency, and Accountability in Abuja. The three-day summit is being hosted by the National Assembly’s Public Accounts Committee.

Represented by the Minister of State for Finance, Dr. Doris Uzoka-Anite, Tinubu stated that comprehensive efforts are underway to overhaul financial systems within government agencies. These efforts include bolstering the Office of the Auditor-General, advancing procurement transparency, and leveraging digital financial tools to drive reform.

“Public funds must be traceable, and officers accountable. Transparency and accountability are not optional—they are key to Nigeria’s future,” Tinubu emphasized.

He underscored the urgency of addressing inflation by tackling structural bottlenecks, particularly in the areas of food production and supply chain management. He also reiterated the administration’s resolve to eliminate wasteful spending.

“Oversight is not a political tool. It is a patriotic duty,” the president noted, urging lawmakers to remain committed to accountability.

Tinubu called on civil society organizations, the media, and citizens at large to be actively involved in governance by holding public officials accountable.

British High Commissioner to Nigeria, Richard Montgomery—represented at the conference by William Robinson—commended Nigeria’s economic policy shifts, including the removal of fuel subsidies and ongoing tax reforms. He affirmed the UK’s continued support for Nigeria’s financial system reforms but emphasized that long-term progress depends on transparency, accountability, and strong civic engagement.

Montgomery further encouraged the Nigerian government to fully embrace digital innovation in managing public finances, describing it as essential to achieving meaningful reform.