Moghalu criticizes implementation of Nigeria’s economic reforms

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), on Friday, cast doubt on the effectiveness of Nigeria’s recent economic reforms, highlighting flaws in their execution.

In a statement released on Friday via X, Moghalu acknowledged the unsustainability of both the petrol and forex subsidies.

Moghalu, however, acknowledged the necessity of these reforms but faulted the government’s approach to implementation.

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