As Business Confidence Rises…

TEMITOPE AJAYI 

On the back of the reforms by President Tinubu, our country is in a better place in terms of fiscal position and general management of the economy. The challenges are still there. President Tinubu will continue to provide the leadership until every Nigerian can feel the positive impact.

 

Business confidence in the economy is at a 14-month high. The Central Bank just released a statement that our net foreign exchange reserves currently stands at $23.11 billion—a testament to the administration’s fiscal reforms since 2023 when net reserves stood at $3.99 billion.

 

The question has always been about how all of these affect the price of Rice, Beans, Garri and Tomatoes?

 

It should be said that without these numbers turning green as they are currently doing, to even get rice and beans would have been tighter and extremely difficult than they are now.

 

The good news is that the general upswing in the economic outlook provides evidence that the reforms are being rightly applied and the outcomes point to better days ahead.

 

As the economy expands and grows further, more opportunities are created for good jobs and better quality of life for citizens.

 

Here is the caveat: no matter how good the economy is and the amount of prosperity policies can trigger, it is those who have value to exchange that will prosper; not those who can complain the most.