Introduction Nigeria, Africa's largest economy, has undergone multiple waves of economic reforms to address deep-seated challenges. From the 1986 Structural Adjustment Programme (SAP) to President Bola Tinubu's bold 2023 measures — including fuel subsidy removal and Naira float — these changes aim to correct structural imbalances. Despite short-term hardships like inflation and poverty spikes, reforms seek long-term prosperity. Here are the key reasons for economic reforms in Nigeria . Seven (7) Reasons for Economic Reforms in Nigeria: Driving Growth and Stability 1. Correcting Fiscal Imbalances and Unsustainable Subsidies One major reason for economic reforms in Nigeria was the dire need to correct fiscal imbalances that motivated borrowing, and terminating unsustainable subsidies that inflated the cost of governance. Fuel subsidies consumed trillions of Naira annually, draining public funds and fueling corruption. By 2023, subsidies exceeded budget allocations for health a...