Oyedele Advocates for Nigeria's Economic Reforms at Forum

At the Africa’s Golden Future Forum in Bangkok, Thailand, Oyedele discussed Nigeria's economic reform program, which includes fuel subsidy removal, foreign exchange liberalization, and tax reform. He noted that the sequencing of these reforms is crucial for their effectiveness on citizens and businesses.

Oyedele stated that removing the fuel subsidy before liberalizing the foreign exchange market helped mitigate rising costs. He emphasized the importance of effective communication, strong institutions, and consistent policies to sustain reforms and build public trust.

He mentioned that Nigeria's reforms aim to foster inclusive growth, job creation, and economic expansion. Oyedele also called for the removal of trade barriers and improved infrastructure to enhance regional integration and capitalize on the African Continental Free Trade Area (AfCFTA).

He highlighted Nigeria's National Single Window initiative to streamline border procedures and improve trade efficiency. Additionally, he noted that Nigeria's cash transfer program has reached over 10 million households, providing social protection during economic reforms.