The World Bank has called on Nigerians to back the nation's ongoing economic reforms, cautioning that opposing or reversing these changes could lead to severe consequences.
Dr. Ndiame Diop, the World Bank Country Director for Nigeria, appealed the launch of the Nigeria Development Update (NDU) report in Abuja.
The bank emphasized that supporting the reforms is crucial for Nigeria's economic stability and future growth, underscoring the potential risks associated with disrupting the reform process.
Diop, who stressed that while the reforms may be challenging, they are crucial for the nation’s long-term stability, warned that rolling back these reforms would be detrimental; saying reversing them would spell doom for Nigeria.
Also, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, restated the importance of staying committed to the reforms.
Edun further explained that the government focuses on reducing inflation while ensuring investments flow into critical sectors such as industry, where jobs can be created.
He stated, “Any effort that is not sustained will be a waste. Together with the Governor of the Central Bank of Nigeria and the Minister of Budget and National Planning, we’ve been discussing how to stay on course.”