The British High Commissioner to Nigeria, Richard Montgomery, has commended President Bola Ahmed Tinubu’s economic reforms, describing them as “big and bold” moves that are making Nigeria a more attractive destination for investors.
Speaking at a press briefing in Abuja on Wednesday, Montgomery said the UK’s interest in Nigeria is growing, thanks to the positive impact of recent policy changes. He highlighted the removal of fuel subsidies and the unification of the exchange rate as key reforms driving economic stability.
“These reforms are paying off and making Nigeria more investible,” he stated.
Montgomery acknowledged the hardship many Nigerians are facing due to high inflation, currently in the mid-20 percent range. He admitted the reforms are tough on citizens but emphasized they are necessary for long-term economic growth.
He expressed optimism that inflation will ease over time, strengthening Nigeria’s appeal to investors in the near future.
