Ola Akinwunmi
Former Deputy President of the Senate, Ovie Omo-Agege, has emphasized the importance of the Federal Government’s recent economic reforms, stating that they are crucial for Nigeria’s transition to a self-sufficient, productive, and job-creating economy.
In his Christmas message to Nigerians, Omo-Agege acknowledged that the reforms, including the removal of fuel subsidy and unification of the naira’s multiple exchange rates, have caused hardship for many Nigerians. However, he stressed that these reforms are necessary to address decades of economic mismanagement and put Nigeria on a path to sustainable growth.
According to Omo-Agege, Nigerians are already witnessing positive gains from the reforms, including improved growth rates, reduced imports, increased exports, higher incomes for farmers, and increased FAAC allocations to state and local governments.
Despite the challenges, Omo-Agege expressed optimism that Nigeria can overcome its current difficulties and emerge stronger, more resilient, and more prosperous with continued patience and perseverance.
However, Omo-Agege criticized the performance of Delta State Governor Sheriff Oborevwori, stating that the state is facing numerous challenges, including poor infrastructure, inadequate healthcare, a struggling economy, and underpaid workers. He emphasized the need for effective utilization of the state’s revenue to cushion the pains of economic reforms and ensure transparency and accountability in fund allocation.
The Federal Government’s economic reforms are part of a broader effort to restore macroeconomic stability and develop a pro-growth reform agenda, as outlined by the Central Bank of Nigeria’s Governor, Olayemi Cardoso.
