ABUJA — The British High Commissioner to Nigeria, Richard Montgomery, has commended President Bola Ahmed Tinubu for implementing bold economic reforms that have made Nigeria more appealing to investors. Speaking at a press briefing in Abuja on Wednesday, Montgomery described the policies as transformative and praised the administration’s efforts.
He highlighted the removal of fuel subsidies and the unification of the exchange rate as major achievements, noting that these reforms are already improving Nigeria’s investment climate. “These economic reforms are paying off, and they are now making Nigeria more investible,” he stated.
While applauding the reforms, Montgomery acknowledged the current economic hardship faced by many Nigerians due to rising inflation, which he said remains in the mid-20 percent range. He admitted the reforms are painful in the short term but necessary for long-term stability.
Despite the economic strain, the High Commissioner expressed optimism, projecting that inflation would ease in the coming months and years, further reinforcing Nigeria’s status as a promising destination for foreign investment.
