Nwali Chidozie
Mrs. Ngozi Okonjo Iweala director of world trade organization (WTO) showered praises on the Nigerian president’s Bola Ahmed Tinubu led administration for sound economic policies, highlighting that the “reforms” has stabilized the economy of Africa’s most populous country.
After a close door meeting with the president on Thursday, at the state house in Abuja, Nigeria’s capital; the former finance minister, told reporters that Nigeria is on the right path to economic growth and the administration’s “bold economic reforms” have been the pilot of this optimistic outlook.
“The president and his team have worked out to stabilize the economy, and the reforms are in the right direction,” the WTO director said.
Since president tinubu came into office in 2023 he embarked on controversial reforms which include: the removal of costly subsidies for premium motor spirit (PMS) mostly known as fuel, foreign exchange subsidies, electricity subsidies.
These reforms, though also praised by the world bank and International Monetary Fund (IMF), did not sit well with many Nigerians – as they blame it for hardship, with many accusing the administration of using the “reforms” to push them into poverty.
Mrs. okonjo however, noted that the discussions with the president was for “safety nets” to be implemented as soon as possible for the people whom the reforms have affected their businesses, and livelihood.
