UK Envoy Urges Nigeria to Target 7% Economic Growth

Richard Montgomery, the outgoing British High Commissioner to Nigeria, called on the Federal Government to aim for an annual economic growth rate of 7% over the next four years during a visit to Zacch Adedeji, Chairman of the Nigeria Revenue Service (NRS), in Abuja. Montgomery stated that this growth rate is essential for improving the lives of ordinary Nigerians.

He acknowledged that President Bola Tinubu's economic reforms have led to short-term challenges, including inflation and currency devaluation, but deemed them necessary for strengthening the economy. Montgomery praised the government's economic management team for their technical expertise and political skill in implementing these reforms.

He also commended the NRS as one of the UK's strongest partners and recognized the British government's technical support as a significant contributor to ongoing reforms. Adedeji expressed gratitude for Montgomery's support and noted that his tenure had strengthened cooperation between Nigeria and the UK.