The Tinubu Stakeholders Forum (TSF) has welcomed the reaffirmation of support by the International Monetary Fund (IMF) for the ongoing economic reforms under President Bola Ahmed Tinubu’s administration.
This is just as the group clarified that the ongoing reforms were not imposed on the Tinubu administration by any international body.
In a statement signed by its Chairman Ahmad Sajoh and Secretary Afolabi Josiah, the group noted that the endorsement by IMF Managing Director Kristalina Georgieva at a meeting with President Tinubu on the sidelines of the G20 Summit in Brazil underscored the global recognition of Nigeria’s bold policy initiatives aimed at revamping the nation’s economy.
It said:”Coming at a time IMF was quoted to have dismissed Nigeria’s ongoing reforms as not working,the commendation delivered through Kristalina Georgieva on Nigeria’s decisive actions in deregulating the downstream sector of the petroleum industry, and other economic measures was reassuring
“For us at TDF, the endorsement of the Tinubu reform is a testament to the international community’s trust in the administration’s long-term economic vision.
“But it is also important to clarify that these policies are not dictated by the IMF but are necessitated by the economic realities facing Nigeria today.
“They are homegrown solutions carefully designed to address long-standing structural distortions in the economy and to create a sustainable path toward economic stability, growth, and prosperity.
“And although we acknowledge what we see as short-term sacrifices, they are very critical for accelerating growth, job creation, and rebuilding investor confidence in Nigeria’s economy.
“By this bold action, President Tinubu has shown that he is not a leader who will sacrifice economic reality on the altar of political expediency.
” We are convinced that President Tinubu’s commitment to mitigating the hardship arising from these reforms remains a priority, as evidenced by his discussions with global leaders and institutions.”
TSF also called on Nigerians to stay resolute as the nation continues to navigate the transformative phase of the economic reforms.