Adesugba Warns on Economic Reforms Ahead of 2027 Elections

At the 20th Anniversary of the Commerce and Industry Correspondents Association of Nigeria (CICAN) conference, Prof. Adesoji Adesugba, Chairman/Founder of the Abuja Chamber of Commerce and Industry (ACCI) Business Entrepreneurship, Skills and Technology (BEST) Centre, raised concerns regarding the sustainability of economic reforms as Nigeria approaches the 2027 general elections. He identified policy reversals and fiscal indiscipline as potential threats to the country's goal of achieving a $1 trillion economy.

Adesugba noted that pre-election periods often lead to relaxed fiscal controls and increased government spending due to political pressures. He stressed the importance of maintaining policy consistency to sustain investor confidence and stabilize the economy.

Adesugba urged the Federal Government to secure bipartisan commitment to key elements of its economic reform program, including a market-determined exchange-rate system and fiscal discipline. He also called for formalizing fiscal and monetary policy coordination to enhance macroeconomic stability.

Mr. Gabriel Kuma, Chairman of CICAN, emphasized the association's readiness to contribute to Nigeria's economic development.