SAMI TUNJI examines how the modest rate cut is symbolic and that sustained growth will depend on consistent reforms, stronger fiscal alignment, and sustained expansion of the non-oil sector. For much of its history, Nigeria’s economy has relied heavily on external conditions; oil booms often provided fiscal buffers, while global downturns exposed deep vulnerabilities. The lesson has remained consistent: while external winds can help, domestic policies ultimately determine whether the country thrives or falters. Nigeria’s economy is approaching a new phase as the Central Bank cuts interest rates for the…
Nigeria’s Economy: Assessing the Impact of Policy Easing
