Nigeria’s Tinubu declares economic ‘emergency’ over

But “the emergency treatment is over,” Tinubu said on Thursday in an Independence Day address, adding that “the foundation has been repaired.”

Tinubu will face familiar opponents Atiku Abubakar — who has pledged to reinstate fuel subsidies — and Peter Obi in a repeat of the last presidential election.

Nigeria’s economy has grown steadily in recent quarters. However, the country’s debt burden has risen by 20% to $54.5