Summary: World Bank Urges Nigeria to Sustain Reforms Despite Hardships
The World Bank Vice President and Chief Economist, Mr. Indermit Gill, emphasized the importance of Nigeria continuing ongoing reforms despite the challenges faced by its citizens. Speaking at the #NES30# in Abuja, Gill commended the Central Bank of Nigeria for unifying exchange rates but urged the federal government to provide cost-effective safety nets for the most vulnerable individuals.
Gill acknowledged that the reforms implemented by the government have caused hardship for many Nigerians, especially the poor, but emphasized that they are essential for the country’s economic growth. He urged policymakers to focus on non-oil exports, build foreign reserves, and create job opportunities to support the growing workforce.
The World Bank believes that sustaining these reforms will not only benefit Nigeria but also have a positive impact on the entire Sub-Saharan African region. Despite the current challenges, Gill encouraged the government to prioritize the well-being of its citizens and future generations, emphasizing the need for long-term economic transformation.
The post FG must sustain reforms in spite of hardship on Nigerians – World Bank appeared first on Vanguard News.
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