Summary: Nigeria is at a critical juncture in its economic reform journey, but without pro-poor policies and efficient governance, the road to recovery remains rocky. Economists say the government must cut the cost of governance, redirect funds to poverty-alleviation initiatives, and foster private sector job creation. Past reforms like the Washington Consensus and Structural Adjustment Program have delivered mixed results, but the key to success lies in balancing market reforms with policies that uplift the poor.
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