By Shoga Francis Oluwatosin, ACIPSM, MBA, CILT
Nigeria’s recent economic trajectory must be examined with historical honesty and global context. The past few years have presented unprecedented challenges, demanding resilience and strategic adaptation from nations worldwide. Nigeria, like many others, has navigated a complex economic landscape shaped by powerful external forces.
The combined effects of the COVID-19 pandemic, which brought global economies to a standstill and disrupted supply chains, and subsequent global inflationary shocks, largely driven by geopolitical events and rising energy costs, have significantly impacted household incomes and business operations. These external pressures compounded existing domestic economic challenges, making the path to stability a steep climb.
Despite these formidable headwinds, there are emerging signs of a gradual economic recovery and concerted efforts towards price stabilisation. While inflation remains a concern, various fiscal and monetary policies are being deployed to mitigate its impact and steer the economy towards sustainable growth. This period of rebuilding requires careful management and a clear vision.
As we look towards the horizon, particularly with the 2027 political cycle on the horizon, the discussion around economic continuity becomes critically important. Sustained progress in recovery and the long-term goal of price stability are intrinsically linked to consistent policy implementation and a predictable operating environment. Abrupt shifts in economic strategy could undermine investor confidence and jeopardize the hard-won gains made. Therefore, the case for continuity in economic policies and leadership in 2027 isn’t merely a political slogan, but an economic imperative for solidifying stability and ensuring a trajectory of sustained growth and prosperity for Nigeria.
Source: Original Article
