OECD promises to back Nigeria’s ongoing economic reforms
The Organisation for Economic Co-operation and Development has committed to supporting Nigeria with comprehensive economic and investment data. This pledge was made during a meeting between senior OECD officials and Bola Tinubu in Kigali, Rwanda. The discussions focused on advancing Nigeria’s reform agenda, improving investor confidence, and fostering long-term partnerships. Bola Tinubu highlighted the importance of accountability and discipline in attracting sustainable investment to Nigeria.
What we know
- The OECD has pledged to provide robust data to support Nigeria’s policy planning and reforms.
- Frantisek Ruzicka, OECD Deputy Secretary-General, praised Bola Tinubu’s reform agenda and discussed potential frameworks for cooperation.
- The meeting addressed improving investor confidence, risk perception, and transparency to attract long-term capital.
- Bola Tinubu outlined his administration’s reforms, including subsidy removal and foreign exchange unification, as necessary steps for national interest.
- Key areas for cooperation include agriculture, pharmaceuticals, MSMEs, regional industrialisation, investment promotion, and tax reforms.
