THE Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has said reforms by the Bola Tinubu-led administration over the past three years have improved the country’s macroeconomic stability and resilience.
He, however, urged the government to take further steps to turn these recent macroeconomic gains into lower food prices, productive jobs and improved living standards for Nigerians.
Oye in a statement, titled “The Economy Is Stabilising. Now Let the People Feel It,” said the administration deserved recognition for taking politically difficult decisions, including petrol subsidy removal, foreign exchange reforms, the abandonment of monetary financing of fiscal deficits, the rebuilding of external reserves and tighter monetary policy.
According to him, these measures have helped address distortions that have weakened the foundations of the Nigerian economy.
He stressed that macroeconomic stability was only the beginning of the work, adding that the success of the reforms must ultimately be measured by their impact on ordinary citizens.
