Post by Proshare (@Proshare)

Prof. ‘Biodun Adedipe’s presentation to the Business Hallmark Policy Dialogue Series, moderated by Proshare’s Chief Economist, Teslim Shitta-Bey, arrives at a useful moment. Three years into Nigeria’s reform cycle, where the public conversation has hardened into two camps, one that celebrates macroeconomic stabilisation and another that points to persistent household hardship.

The presentation’s value lies in its refusal of the binary. It documents measurable gains while insisting, in the author’s words, that the reforms are “real, tangible progress” whose trickledown “needs to be deepened”.

Proshare EMIU’s purpose in this review is to test that proposition against the data and to separate what stabilisation has achieved from what it has not. Reserves stand at a multi-year high; the naira has converged and steadied, inflation has fallen from its peak, and the sovereign has earned its first S&P upgrade since 2012.

These are outcomes, not announcements. The harder question is whether they are being converted into productive investment, lower business costs, employment, competitive enterprises, and visible public value. Stabilisation restores the platform. Transmission is what turns a platform into broad-based welfare.

In this review of B. Adedipe’s presentation, we read the record, weigh the data, and set out the execution architecture that the next phase of reform will require.

Read more: https://proshare.co/articles/adedipes-review-that-nigeria-is-at-the-reform-midpoint-affirms-that-stabilisation-is-real-transmission-is-the-test?menu=Economy&classification=Read&category=Reviews%20%26%20Outlooks

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