FG advised to sustain ongoing economic reforms

The Federal Government has been urged to continue its ongoing reforms despite the hardships faced by Nigerians.

Indermit Gill, Vice President and Chief Economist of the World Bank, made this call in Abuja, commending the Central Bank of Nigeria for its efforts in unifying exchange rates.

Gill acknowledged that the current administration’s reforms have resulted in significant challenges for many, particularly the vulnerable poor. However, he emphasized that these reforms are essential for the economy’s recovery. He urged the government to implement cost-effective safety nets to shield the most vulnerable populations from the adverse effects of the reforms.

Gill highlighted that sustaining these reforms is crucial for returning Nigeria’s economy to a path of sustainable growth, noting their potential to transform not only Nigeria but also the entire Sub-Saharan African region.