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The Lagos Chamber of Commerce and Industry has Criticized President Tinubu’s Reforms

The reforms which include the unification of the country’s currency rates and the removal of gasoline subsidies have in the three months since its introduction been detrimental to Nigeria’s economy. The Chief Executive Officer of Economic Associates, Dr. Ayo Teriba during his speech, explained that the president failed to seek proper consultation before implementing his ideas, coupled with the fact that the administration has not been transparent with the economic situation it inherited from the previous government. In the CEO’s assessment, he claimed that consultation would have at least helped curb some of the negative effects that have trailed the president’s reforms.