Tinubu’s economic reforms showing gains, next phase must deliver jobs, prosperity- Experts

Economic experts  Thursday said  there are improvements in Nigeria’s key macroeconomic indicators, commending President Bola Tinubu for embarking on the reforms.

An Economist, Dr Ayola Wale who spoke  in Abuja commended the president for his commitment and leadership.

Wale said the improvements were reflected in economic growth, stronger foreign reserves and a gradual easing of inflationary pressures.

He said the country required stronger and more sustainable growth to translate the macroeconomic gains into improved living standards.

He stated further that the success of the reforms should ultimately be measured by their impact on households, businesses and the wider economy.

He said the reforms had contributed to greater macroeconomic stability and strengthened Nigeria’s fiscal and external positions.

The economist said the next priority should be translating economic stability into higher household incomes, increased employment and improved food security.

He said that consistent regulations, respect for the rule of law and effective institutions would strengthen investor confidence and support economic expansion.

He added that a predictable business environment will enable businesses to plan effectively, expand operations and create additional employment opportunities.

He said small and medium-sized enterprises required targeted support, reliable electricity and better infrastructure to increase production.

Another economist, Prof. Richard Ahmed, said the next phase of the economic programme should focus on expanding productive activities and creating employment.

He stated that stronger industrial production would help Nigeria address unemployment, poverty and other socio-economic challenges confronting the country.

Ahmed further urged the government to maintain fiscal discipline while protecting essential investments in infrastructure and human capital.

He said responsible fiscal management would strengthen investor confidence and support the sustainability of ongoing reforms.

The expert said sustained implementation of the reforms would be crucial to consolidating recent gains and translating them into broader economic opportunities.

 (NAN)