The World Bank has charged Nigerians to support the ongoing economic reforms, warning against opposing or reversing them.
It said doing so could have serious negative consequences
for the country.
The World Bank Country Director for Nigeria, Dr. Ndiame
Diop, made this call at the Nigeria Development Update, NDU report launch in
Abuja.
Diop, who stressed that while the reforms may be
challenging, they are crucial for the nation’s 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.
He stated, “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, we’ve been discussing how to stay on
course.”
“We are prioritizing market pricing and sat down with labor
unions to explain why we cannot afford to let this opportunity slip.”
Also speaking, Central Bank Governor Mr. Olayemi Cardoso
highlighted the importance of promoting exports in light of the exchange rate
adjustments.
“The moderation in the FX rate should make our goods more
competitive for export and discourage the importation of unnecessary goods,” he
said.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com