The World Bank has charged Nigerians to support the ongoing economic reforms, warning against opposing or reversing them.
The Bank’s Country Director for Nigeria, Dr. Ndiame Diop, who made this call at the Nigeria Development Update, NDU report launch in Abuja, said doing so could have serious negative consequences for the country.
Diop, who stressed that while the reforms may be challenging, they are crucial for the nations long-term stability, warned that rolling back these reforms would be detrimental; saying reversing them would spell doom for Nigeria.
Also, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, restated the importance of staying committed to the reforms.
Edun further explained that the government focuses on reducing inflation while ensuring investments flow into critical sectors such as industry, where jobs can be created.
According to him, “Any effort that is not sustained will be a waste. Together with the Governor of the Central Bank of Nigeria and the Minister of Budget and National Planning, weve been discussing how to stay on course.
We are prioritising market pricing and sat down with labor unions to explain why we cannot afford to let this opportunity slip.
