British High Commissioner Confesses Tinubu’s Economic Policies Yeilding Positive Results

In a rare endorsement of President Bola Ahmed Tinubu’s economic policies, the British High Commissioner to Nigeria, Dr. Richard Montgomery, has given the ongoing reforms a pass mark, citing their potential to attract foreign investors and stimulate growth.

Speaking to reporters at a briefing on the United Kingdom’s new Economic Growth Agenda, Montgomery expressed optimism about the prospects of Nigeria’s economy, praising the Tinubu administration’s efforts to create a more conducive business environment.

“We are watching very closely the major economic reforms that are being undertaken by the present administration, and we are big admirers of the whole economic reforms that are being put forward.

“We believe in your economic reforms as a growing economy of the world,” Montgomery said.

The British envoy’s comments come as a welcome boost to the Nigerian government, which has been working to implement a range of economic reforms aimed at diversifying the country’s revenue streams, improving the business climate, and attracting foreign investment.

Montgomery specifically highlighted the reforms in the banking sector, which he said were crucial to making Nigeria more accessible to foreign investors.

“The reforms are working, and they are increasingly making Nigeria a more attractive destination for foreign investors,” he noted.

On the issue of inflation, which has been a major concern for the Nigerian economy in recent times, Montgomery predicted a downward trend in the coming months.

“Given the level of work that is ongoing, including the bank reforms, we believe that there is a great prospect of inflation coming down,” he said.

The British High Commissioner also echoed the World Bank’s recent economic outlook, which predicted a significant uptick in Nigeria’s economic growth.

“We agree with the World Bank’s assessment that there is a real uptick in growth, and we are excited about the prospects of Nigeria’s economy,” he said.

Montgomery’s comments are likely to be seen as a vote of confidence in the Tinubu administration’s economic policies, and may help to bolster investor confidence in the Nigerian economy.

The British government has long been a key partner for Nigeria, and the UK is one of the country’s largest trading partners.