BY MUHAMMAD SAGAGI
Reform outcomes will depend on policy makers’ ability to provide the ‘guidance’, to identify the potential risks and apply the appropriate mitigating measures.are beginning to pay off asThis is undoubtedly of significance. Nigeria’s precarious fiscal position poses significant risks to its long-term growth and development.
The withdrawal of subsidy payments has exacerbated Nigeria’s inflationary trends and will consequently lower real wages, reduce buying power and push millions into poverty. Asnflation soars and businesses collapse, citizen’s levels of vulnerability and deprivation will undoubtedly increase. In varying degrees, both IBB’s and OBJ’s pro-market reform agenda impacted negatively on incomes and living standards.
The Fund will support the construction, rehabilitation and maintenance of rural infrastructure including feeder roads, irrigation canals, rural electrification, food storage facilities etc. to enhance living standards and support sustained livelihood improvement.