• Saturday, November 09, 2024
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BusinessDay

Why Nigeria’s economic transformation must succeed – Indermit Gill, W’Bank VP

What the World Bank Chief Economist failed to say about reforms in Nigeria
..Failure would set back the cause of reform across sub-Saharan Africa You may scoff at the idea that Nigeria just might be on the cusp of turning its economic fortunes around. Since the 1980s, when oil prices collapsed, the country has been mired in one crisis after another. But now the largest economy in sub-Saharan Africa is at a turning point. Over the past year or so, the Nigerian government has implemented major, politically difficult reforms. No large-scale reform process is ever perfect, but this one must be allowed to succeed — A