A retired investment banker, Victor Ogiemwonye, says Nigerians, especially the youths, would suffer for a little while before things turn around in the country.
This is as he urged Nigerians remain patient as the country navigates ongoing economic reforms, saying signs of recovery will become more visible in the coming years.
Ogiemwonye gave this assurance on Monday while responding to questions in an interview on Arise Television.
He stated that while the current administration’s reforms are necessary, the effects would take time to yield results.
The retired investment banker further explained that although the pain is significant now, the government was taking steps to stabilise the economy.
“What we are seeing is finally somebody saying, ‘Let’s stop this nonsense.’ The youths are going to suffer for a little while more, but in my estimation, in about two years, we are going to start seeing things turn for the better.
“Let me point out that the current reforms are reforms that should have taken place several years ago. When you delay a decision, the consequences are going to be different,” Ogiemwonye explained.
He noted that one of the most impactful policies was the removal of fuel subsidies, which, according to him, had been long overdue.
