Nigeria, Aug. 13 -- President Bola Tinubu said on Wednesday that his administration has "implemented bold and difficult reforms that have dismantled longstanding distortions in our economy and restored policy credibility."

The Nigerian leader spoke while addressing members of the Federal Executive Council (FEC) during the council's meeting at the Presidential Villa on Tuesday, according to a statement by his office.

Mr Tinubu said the policies have "better positioned (Nigeria) to attract both domestic and foreign private investment."

Some of the policies implemented by the Tinubu administration include the removal of petrol subsidies, the floating of the naira and the increase in electricity tariff for many consumers.

The president sa...