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Vol 66 No 22

Published 7th November 2025


Nigeria

Tinubu’s policy paradox

Food prices, shrinking purchasing power and insecurity underscore the disconnect between praise for reforms and everyday hardship

Abuja’s Debt Management Office ploughed on with a US$2.25 billion Eurobond launch on 5 November, despite market ructions triggered by United States President Donald Trump’s threats of military action against Nigeria. On 2 November, Trump warned he would deploy military forces ‘guns-a-blazing’ against Islamist militants in Nigeria, accusing the government of failing to protect Christians from systematic killings. He also threatened to end all US aid – already cut by more than half to around $400 million – for health programmes this year.

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