British Envoy Lauds Tinubu’s Bold Economic Reforms, Says Impact ‘Already Visible’
Abuja, Nigeria – The British High Commissioner to Nigeria, Richard Montgomery, has lauded President Bola Tinubu’s ongoing economic reforms, stating that their positive impact is already becoming visible despite the immediate challenges faced by citizens.
Speaking on Thursday at the International Civil Service Conference held at Eagle Square in Abuja, Montgomery commended the federal government for its courage in initiating policies aimed at long-term economic growth and repositioning Nigeria on a sustainable development path.
“In my two years here as High Commissioner, I have been so impressed by the courage of Nigerian leaders to tackle difficult issues and launch the big and bold economic reforms now underway, however painful they may be in the short term,” Montgomery stated.
He expressed confidence in the trajectory of the reforms, emphasizing their crucial role in fostering national prosperity. “I am very confident that these reforms, which are already showing an impact, are absolutely essential for putting Nigeria onto a higher growth path and for creating the jobs and opportunities that I know, Your Excellency, you are seeking for your country,” he added.
While acknowledging that economic reforms alone cannot resolve all institutional challenges, the British envoy underscored their foundational importance for building a stronger economy. He particularly highlighted the indispensable role of civil servants at both federal and state levels in ensuring the effective implementation and delivery of the reforms’ intended benefits to the populace.
“I have no doubt that civil servants at all levels are absolutely essential at putting those reforms and the benefits of those reforms into practice,” Montgomery asserted, stressing the importance of public sector efficiency and integrity for long-term governance improvements. He cited the economic trajectories of countries like India, China, and Singapore as valuable examples for Nigeria to emulate.
Since assuming office in May 2023, the Tinubu administration has embarked on a series of significant policy reforms, including the contentious removal of petrol subsidies, the unification of foreign exchange rates, and various measures designed to attract foreign investment.
These bold steps have garnered praise from international financial institutions such as the World Bank and the International Monetary Fund, who view them as critical for economic stability and growth. However, domestically, the reforms have also sparked widespread criticism due to their immediate impact, leading to soaring inflation and a significant increase in the cost of living for many Nigerians.
