Nigeria must stick to its economic reforms for the next 10 to 15 years to transform its economy says World Bank.
The World Bank has emphasized that Nigeria needs to continue its current economic reforms for the next 10 to 15 years to position itself as a significant economic force, both in sub-Saharan Africa and globally.
The bank asserts that these reforms are essential for achieving sustainable growth and development, enabling Nigeria to compete with other emerging economies around the world.
The Senior Vice President of the World Bank Group, Indermit Gill, gave this advice during the ongoing 30th Nigerian Economic Summit in Abuja on Monday, October 14.
Gill acknowledged that the current administration’s reforms have caused hardship for many Nigerians, particularly the vulnerable poor, but emphasized that these measures are essential for the nation’s economic recovery.
According to him, “Nigeria will need to stay the course of current economic reforms for at least the next 10 to 15 years to transform its economy. Implementing such changes is challenging, but the rewards are substantial
