UNGA 78: Nigeria’s Economy to Experience Massive Transformation

By Temitope Mustapha, Abuja

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Nigeria’s Economy by the next one year will experience massive improvement, following the nation’s several reforms and engagement in the ongoing 78th UN General Assembly sessions in New York.

Kwara State Governor and Chairman of the Nigeria Governors Forum (NGF), Abdulrahman Abdulrazaq, said this on Tuesday in New York after a meeting held by the Nigerian President, Bola Ahmed Tinubu with Governors on his entourage.

Governor Abdulrazaq also said that Nigeria is now moving forward and it is more open to business and investment.

The Governor stated further that the courageous removal of fuel subsidy by the federal government and exchange rate liberalization are pronouncements that would further drive the nation’s economy forward.

“You can see from the recent pronouncement of the Federal government in terms of subsidy removal, exchange rate liberalization, things are beginning to move forward and the stock exchange is now more robust than ever. 

“On the economy, wait for one year and see what Nigeria will be. Yes, when you embark on reforms there are some slight adjustments which Nigeria is going through. It is like a pregnant woman going through the pains she goes through in pregnancy and the joy of giving birth is what you will see next year,”Governor Abdulrazaq added.

Read Also: Exxon Mobil pledges 40,000bpd production in Nigeria

The Governors Forum Chairman disclosed that the meeting held with the Governors by the Nigerian President was successful.

He also made known that Nigeria is currently engaging in several meetings and side events that would impact positively on Nigeria’s education sector, the Sustainable Development Goals and health care.

“There are several engagements, side meetings, side events many under education, SDGS, health care and the sub nationals are also engaging in side events as well,” Governor Abdulrazaq added.

President Tinubu was accompanied to UNGA 78 in New York, by Governors Umo Eno of Akwa Ibom State; Mohammed Inuwa Yahaya of Gombe State; Hope Uzodinma of Imo State; Uba Sani of Kaduna State; Abdul Rahman Abdul Razak of Kwara State; and Seyi Makinde of Oyo State.

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