# Nigeria would’ve faced 1,000% inflation without reforms – Oyedele

> The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has claimed that Nigeria could have seen inflation as high as 1,000 per cent if President Bola Tinubu’s administration had not introduced sweeping economic reforms, including removing the petrol subsidy and changing the foreign exchange market.

- Published: 2026-10-20T18:31:15.344Z
- Updated: 2026-10-21T00:00:58.765Z
- 1 source
- Topics: Economy, business and finance
- Involves: 54.93 billion USD, Alhaja Taibat Amope Bakare, Alhaji Kola Bakare, Babajide Sanwo-Olu, Bola Oyebamiji, Bolaji Egbeyemi, Chief Adeniyi Akintola (SAN), Chief Remi Oguntuase, Chief Segun Oni, Country Petrolite and Gas, Governor Sanwo-Olu's delegation, Ifeanyi Ossai

## How it developed

- 2026-10-20T18:31:15.344Z - Punch: [Nigeria would’ve faced 1,000% inflation without reforms – Oyedele](https://punchng.com/nigeria-wouldve-faced-1000-inflation-without-reforms-oyedele/)
- 2026-10-21T00:00:58.765Z - Punch: [Nigeria risked 1,000% inflation without reforms – Oyedele](https://punchng.com/nigeria-risked-1000-inflation-without-reforms-oyedele/)
- 2026-10-21T00:00:58.765Z - Punch: [Sanwo-Olu, Bamidele, others mourn Ekiti Muslim leader](https://punchng.com/sanwo-olu-bamidele-others-mourn-ekiti-muslim-leader/)

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