Nigeria’s chief executives remain optimistic that various government reforms are beginning to translate into tangible results, but they also caution against potential economic setbacks.
Subsidy removal has liberalised the petrol market, eliminating fuel queues and stimulating investments in the downstream sector.
Similarly, the removal of foreign exchange (FX) subsidies and liberalisation of the market have helped to stabilise the naira, restoring investor confidence and improving the nation’s foreign reserves.
As a result, ratings age
