British High Commissioner to Nigeria, Richard Montgomery says, Nigerian President Tinubu’s “big economic decisions are being noticed” globally.
Montgomery spoke on Wednesday during a visit to Vice-President Kashim Shettima at the Presidential Villa in Abuja.
Recall that Tinubu recently introduced some reforms in the oil and gas and financial sectors believed to be critical for redirecting the nation’s economy out of the woods.
Tinubu had on May 29, scrapped the petrol subsidy payments, sending shock waves across Nigeria. The unification of the foreign exchange markets and the relaxing of restrictions on domiciliary accounts quickly followed.
So far, international bigwigs have lauded the policies, including David Malpass, ex-World Bank President, who said the reforms were important in curbing corruption.
Likewise, Montgomery thinks the subsidy removal and exchange rate reforms would create better investment opportunities for the country.
“The big economic decisions being taken by this Government are really important and are being noticed around the world.
“The removal of subsidy; the exchange rate reform, all of that create a much better investment environment.
“We know that there are tough times that are going on at the moment, inflation and unemployment.
“The Vice-President and I also touched on some of the measures that might be possible to cushion the blow of some of these economic pressures.
“But I think the big issue is that these reforms help put Nigeria on a higher growth path; they will attract more investments and the UK and the City of London see Nigeria as a big opportunity going forward, “the UK envoy said.
Montgomery said Nigeria and the UK have established partnerships in many areas of common interest.
The envoy said he discussed the long-standing partnership between the UK and Nigeria. – NAN
