Since taking office in the past two years, President Bola Tinubu has embarked on key reforms that have well positioned Nigeria, placing it among countries with a market-driven economy.
While the bold market policies — abolishing costly petrol subsidies, relaxing currency controls and eliminating monetary financing — have begun to stabilize a once dovish economy, challenges persist with poverty being the topmost threat.
In its country focus report entitled ‘How Nigeria Can Unleash its Economic Potential’ the International Monetary Fund (IMF) recommended three major measures the authorities must consider to consolidate the gains of the rather radical reforms.