adsReactions have continued to trail the recent S&P improved rating of Nigeria’s economy and the killing of the ISIS commander, with the latest coming from Bamidele Atoyebi, the convener of the Bola Ahmed Tinubu Ideological Group (BAT-IG), who believes these developments are indication that the country is gradually reclaiming global respect and economic stability.
Atoyebi is also of the view that the improved S&P rating will boost investor confidence, encourage capital inflow, and reinforce Nigeria’s macroeconomic stability. The group convener, who recently marked his birthday, said he woke up to “two good news” that strengthened his confidence in the capacity of President Bola Tinubu’s reforms and international standing. According to him, the first major development was the upgrade of Nigeria’s economic outlook by global rating agency S&P, which moved the country’s rating from B- to stable B after years of negative international perception.
“For 14 years, the story of Nigeria’s economy on the international stage was trapped in a cycle of negative outlooks and stagnation. This week, that narrative officially cracked,” he said, adding that the improved rating would boost investor confidence, encourage capital inflow, and reinforce Nigeria’s macroeconomic stability.
