Shareholders under the auspices of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS), a leading shareholders’ group, have evaluated the management of the economy over the past two years of the Bola Tinubu-led administration. They assert that the government has succeeded in stabilizing the economy and restoring investors’ confidence in the long-term prospects of the Nigerian economy.
Dr. Faruk Umar, the group’s president, said that the government’s reforms have improved the investment environment both directly and indirectly.
He stated that although the reforms inevitably had some negative consequences for citizens and companies, such as rising prices of goods and services and foreign exchange (forex) losses for companies, they have aided in resetting the economy’s fundamentals and positioning the country for sustainable growth.
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