Oyedele explains why many Nigerians are poor, disagrees with World Bank

Rise in poverty was a necessary price of economic reforms – Finance Minister

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has defended the Federal Government’s economic reforms, arguing that the initial rise in poverty following the removal of fuel subsidy and other fiscal measures was an unavoidable consequence of correcting long-standing distortions in the economy. Speaking during an interview The post Rise in poverty was a necessary price of economic reforms – Finance Minister appeared …

Oyedele explains why many Nigerians are poor, disagrees with World Bank

Taiwo Oyedele said Nigerians became poorer after economic reforms because ending subsidies required short-term sacrifices before stronger income growth.