A policy Think-tank under the auspices of the Independent Media and Policy Initiative (IMPI) has said no rational investor can afford to ignore Nigeria with the economic reforms introduced by President Bola Tinubu.
In a statement in Abuja signed by its chairman, Niyi Akinsiju in the aftermath of the president’s visit to Qatar, the group noted that reforms will sooner than later yield fruitful dividends.
it said, “President Tinubu reinforced his commitment to going the whole hog with the implementation of these policies when he publicly declared during his visit to Qatar that: “This economy, we will grow it, and we will feed ourselves out of penury…if it’s corruption, we must exterminate it no matter how hard it is fighting back.
“We find this declaration instructive. It affirms the president’s unwavering commitment to seeing through the reforms he has undertaken to implement.
“We also agree with the President’s call on Nigerians to persevere at this time because, according to him, nation-building requires perseverance and patriotism to succeed. It is to these two value orientations that we call the attention of Nigerians.”
The policy think tank also reiterated its support for the President’s market-driven policies on the grounds that it is the best option for the country.
IMPI said: “In truth, the Nigerian economy had been buffeted from different sides by many domestic and global assailing factors between 2016 and 2020 which may provide an understanding of the Federal Government and CBN’s insistence on state controlled and managed economy for the benefits of the poor and vulnerable.
“Yet, after many years of the control and managed options, we are left with an economy in stagnation; one that depends on the periodic boom in the oil and gas sector to deliver momentary economic prosperity.
“By 2023, an economic template change had become inevitable. In our consideration, we believe that the Tinubu administration read the situation well by making overtures to the CBN to revert to the free float exchange policy,” the group said.
