Nigerians will suffer before things turn around – Ex-investment banker

Retired investment banker Victor Ogiemwonye believes that Nigerians, especially the youth, will face hardships before the country's economic situation improves. In an interview with Arise Television, Ogiemwonye emphasized the need for patience as the ongoing economic reforms take time to yield results.

He acknowledged the significant pain caused by the reforms but stressed that they are necessary for stabilizing the economy. Ogiemwonye predicted that signs of recovery would become visible in the coming year, with a more noticeable improvement within two years.

He highlighted the removal of fuel subsidies as a crucial policy that should have been implemented earlier. Ogiemwonye urged Nigerians to endure the current challenges, as the delays in decision-making would have different consequences if not addressed promptly.