As Nigeria implements various reforms to grow its economy, Bismarck Rewane, CEO of Financial Derivatives Company Limited, says that policy reforms are essential for building competitive companies and prosperous economies, but warns that reforms alone do not guarantee success.
Rewane, who has several years of experience in macroeconomic research and investment banking, described reforms as intentional intervention and changes in the enabling framework, laws, decrees, regulations, but more importantly, the enhancement of institutional capacity to implement these frameworks.
He spoke on Tuesday on Policy Reforms and Corporate Competitiveness: Navigating towards a sustainable edge” at the 2026 Pearl Awards Corporate Summit in Lagos.
According to him, successful reforms in any economy create an enabling environment that attracts investment, boosts productivity, creates jobs, and improves living standards.
Drawing from global examples such as Singapore, Norway, China, and the UAE, among other countries that have grown their economies, GDPs, external reserves and diversified
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