The World Bank has advised the federal government against reversing the ongoing economic reforms.
The reforms embarked upon by the President Bola Tinubu’s administration which include subsidy removal and floating the naira have brought untold hardship on the masses arising from high cost of living and headline inflation.
Speaking at the launch of the Nigeria Development Update (NDU) report in Abuja on Thursday, World Bank Country Director for Nigeria, Dr. Ndiame Diop, said the reforms would bear fruits on the long run.
Diop added that any attempt to change the course of the reforms would have dire consequences saying: “Reversing these reforms would be detrimental and would spell doom for Nigeria.”
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