Lagos Business School professor Franklin Ngwu has stated that the recent economic reforms in Nigeria were necessary. However, he criticized the way they were implemented, saying the poor sequencing of these measures worsened difficulties for everyday Nigerians.
Ngwu emphasized that while reforms aimed at stabilizing the economy were unavoidable, better planning and timing could have reduced the negative impact on citizens.
**Why this matters**
Understanding the timing and execution of economic reforms is crucial because poorly managed changes can increase hardship for the population. Insights from experts like Ngwu highlight the importance of strategic planning to ensure reforms achieve their goals without causing undue suffering.
Source: NewsData