The Federal Government has been advised to sustain the ongoing reforms despite the hardship on Nigerians. The World Bank Vice President and Chief Economist, Mr Indermit Gill, who gave this advice, also hailed the Central Bank of Nigeria, CBN, for the unification of the exchange rates.
Speaking at the opening session of the #NES30# in Abuja, Gill admitted that the reforms of the present administration had brought hardship to Nigerians, especially the vulnerable poor, assuring that it was the only way out for the economy. He called on the federal government to provide cost-effective safety nets to protect the most vulnerable people from the hash impact of the reforms.
He stated that the government must do everything in its power to protect the most vulnerable citizens against hardships, stressing that their lives and the lives 110 million children depend on it. He enjoined the federal government to stay the course of the reforms because Nigeria’s future and the future of these 110 million children depend on it, assuring that during the coming years, Nigeria’s policymakers have to prioritise non-oil exports.
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