The group says the naira’s reported performance among Africa’s better-performing currencies reflects progress under the administration’s economic policies.

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 reforms introduced by President Bola Tinubu’s administration.

The group made its position known in a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, describing the currency’s performance as an indication of progress under the government’s ongoing economic reform programme.

TMV cited a World Bank report which, according to the group, 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 acknowledged that currency movements across Africa were influenced by several factors, including rising energy prices, geopolitical uncertainties, capital outflows and increased demand for the United States dollar.

However, TMV argued that the naira’s relative performance reflected the impact of policies implemented by the Tinubu administration.

It also maintained that the reforms had the potential to improve the competitiveness of Nigerian exports, encouraging local businesses to expand production for international markets.

According to the group, increased export activity could generate additional foreign exchange earnings, strengthen the supply of foreign currency and contribute to greater stability in Nigeria’s domestic currency market.

TMV described the reported findings as an encouraging development for the Nigerian economy, expressing optimism that sustained implementation of the reforms would support productivity, boost exports and improve the country’s foreign exchange position.

The group’s position, however, represents its assessment of the economic situation. While the reported exchange-rate movement provides an indication of the naira’s performance during the period, it does not, on its own, establish that government policies were the sole cause of the currency’s relative performance.