Chief Executive Officer of CFG Advisory, Tilewa Adebajo, has warned that Nigeria's ambition to become a $1 trillion economy by 2030 is unrealistic without stronger policies, lower inflation, and targeted support for businesses.
Speaking on ARISE NEWS about Nigeria's 2025 half-year economic update, Adebajo said the country has the potential but persistent structural challenges and weak policy execution make the goal unattainable under current conditions.
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He explained that Nigeria can only achieve sustained GDP growth of 8–10% if inflation is reduced to 12% or lower, urging the Central Bank to act more aggressively to bring inflation down and cut interest rates before the end of 2025.
Adebajo stressed that reforms alone are not enough, calling for microeconomic solutions such as SME-friendly policies, job creation, and social programmes to ease the burden on households.
"There has to be a human face to reforms," he emphasised, noting that without policies that directly benefit citizens and small businesses, the trillion-dollar economy target will remain out of reach.
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