Former Minister of Education, Oby Ezekwesili, has acknowledged that the administration of President Bola Tinubu has made progress in stabilising the foreign exchange rate by adhering to market principles.
Speaking in an interview on News Central Television, Ezekwesili, however, stated that the improvement has not yet translated into better living conditions for average Nigerians.
She noted that Nigerians are yet to fully feel the impact of the government’s economic reforms.
According to her, Nigeria is not out of the woods as poverty remained widespread and the cost of living continues to rise.
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“The only thing that, as I said at the beginning, we can give to them is that they are getting a handle on macroeconomic stability. So, for example, the volatility we have with foreign exchange rate is quieter because they are abiding by market principles for foreign exchange policy.
“Then you look at inflation. Inflation, even
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