Nigeria’s 18-month economic reforms have failed: The naira devalued 300% (₦450 to ₦1700/$), inflation soared, and debt servicing now exceeds key budgets combined (₦16.3T vs ₦14T). In a decade, GDP lost $300B, dropping Nigeria to Africa's fourth-largest economy. Debt exceeds $100B, while subsidy savings fund debt instead of growth.

The way forward? Reduce debt, boost oil production, and restructure policies for sustainable recovery. By Adetilewa .A. Adebajo

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