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Nigeria’s reform gamble: Austerity with out anesthesia

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For many years, Nigeria’s financial orthodoxy has rested on a well-known promise: embrace powerful reforms in the present day, and prosperity will arrive tomorrow.

“Brief-term ache for long-term acquire,” goes the mantra. However as tens of millions of Nigerians sink deeper into poverty, one should ask: what if the ache is all too actual, and the acquire too elusive?

In 2023, President Bola Tinubu’s administration launched a daring set of financial reforms lauded by worldwide monetary establishments and native technocrats.

The 2 flagships: elimination of the gas subsidy and the fl

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