REALITY is piercing the optimism of multilateral agencies and domestic stakeholders hoping that President Bola Tinubu’s adoption of some of their standard prescriptions would quickly revive the economy. In the meantime, the economy worsens. Western agencies, and the organised private sector that applauded Tinubu’s stoppage of petrol subsidy, and the unification of the naira exchange rates are squirming. The evidence is crystal clear; reforms taken in isolation without simultaneous coordinated plans targeted at pulling down the inherent binding constraints arresting the economy will only deliver hardship. Tinubu should devise and implement a pragmatic master plan post-haste or have the economy collapse on his watch.

Source: Punch October 16, 2023 14:48 UTC