By Gabriel Ameh
The Tinubu Media Volunteers (TMV) has attributed the naira’s reported performance among Africa’s better-performing currencies in the second quarter of 2026 to the economic policies of President Bola Tinubu’s administration.
In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group described the currency’s performance as an indication of progress under the government’s ongoing economic reforms.
TMV cited a World Bank report, which it said assessed exchange-rate movements across 22 African countries outside the CFA franc zone.
According to the group, the report showed that the naira depreciated by 2.6 per cent between March and June 2026, placing it among the better-performing currencies covered by the assessment during the period.
The group also acknowledged that currency movements across the continent were affected by several factors, including rising energy prices, geopolitical uncertainty, capital outflows and increased demand for the United States dollar.
TMV argued that the naira’s relative performance reflected the impact of policies introduced by the Tinubu administration.
It further claimed that the reforms had helped improve the competitiveness of Nigerian exports, encouraging local businesses to increase production for international markets.
According to the group, stronger export activity could generate additional foreign exchange earnings and contribute to greater stability in the domestic currency market.
TMV described the reported findings as an encouraging sign for Nigeria’s economy, expressing confidence that ongoing reforms would support productivity and export growth.
However, the group’s attribution of the naira’s performance to the Tinubu administration’s policies represents its assessment of the economic situation. The reported currency ranking alone does not establish that government policies were the sole cause of the naira’s performance.
Source: Tinubu Media Volunteers (TMV).
