Richard Montgomery, the British High Commissioner to Nigeria has expressed concern about the potential impact of inflation and unemployment in Nigeria.
Richard Montgomery was in Abuja on a courtesy visit to Vice President Kashim Shettima at the State House on Wednesday.
He suggested taking action to mitigate the effects of Nigeria’s inflation and the increasing unemployment rate.
Speaking at the end of his visit to the vice president, he said “We know that there are tough times that are going on at the moment, inflation and unemployment. The Vice President and I also touched on some of the measures that might be possible to cushion the blow of some of these economic pressures.”
The British envoy also praised the economic reforms that President Bola Tinubu’s administration has been implementing.
He also welcomed the removal of subsidies and exchange rate reform. He also commented on the positive effects that these reforms have had on the investment climate and their international credibility.
He said: ” I think we already have a good economic dialogue, but I think there is a great potential to do more. As I discussed with His Excellency, the big economic decisions being taken by this government are really important and are being noticed around the world: the removal of subsidy; the exchange rate reform, all of that create a much better investment environment.”
“I was in London last week; I was briefing my ministers, but I was also talking to British business in finance, banking and investment sectors. They are all responding very positively to these first decisions.
‘But I think the big issue is that these reforms help put Nigeria on a higher growth path; they will attract more investments and the United Kingdom and the city of London see Nigeria as a big opportunity going forward. I will be doing my part to try to boost those, enhance trade and investment”.
