Stakeholders Discuss Economic Reforms at BusinessDay Forum

On Thursday, stakeholders gathered at the 14th BusinessDay CEO Forum in Lagos, themed "Stabilize, Share, Prosper," to discuss necessary reforms for sustaining Nigeria's economic gains. Central Bank of Nigeria Governor Olayemi Cardoso and Minister of Finance Dr. Taiwo Oyedele addressed the forum, highlighting the importance of macroeconomic stability and increased private sector investment.

Dr. Oyedele outlined the government's commitment to achieving a $1 trillion economy by 2030, emphasizing the need for reforms to improve productivity, industrial value addition, and public revenue through tax reform. He noted that the government has begun measuring prosperity using specific metrics, including reducing multidimensional poverty and increasing real income per capita.

The forum also celebrated BusinessDay's 25th anniversary and recognized the Central Bank for its achievements. The discussions underscored the necessity of sustaining economic reforms to support long-term investments and job creation, with a focus on navigating challenges such as multiple exchange rates and weak public finances.