Nigeria's Tinubu Defends Reforms Blamed for Hardship.

Nigerian President Bola Tinubu defended economic reforms aimed at preventing a national crisis, including devaluing the naira and abolishing gasoline subsidies. While the IMF and World Bank support the reforms, they have led to soaring inflation and a cost-of-living crisis for many Nigerians. Tinubu remains firm on proposed tax changes but may consider concessions on value-added tax, emphasizing market-driven pricing and plans to boost agricultural output for export. [Extracted from the article]