Senator Orji Uzor Kalu has urged Nigerians to remain patient as President Bola Ahmed Tinubu’s economic reforms take effect, stating that while current hardships are challenging, the policies are beginning to show positive results, particularly in stabilizing the exchange rate and reducing manufacturing costs, as reported by THE SUN.
Kalu pointed to the recent improvement in the value of the naira, noting that the exchange rate has shown signs of stability.
He also highlighted progress in the manufacturing sector, where production costs have decreased compared to the previous year.
According to him, this is a sign that economic adjustments are gradually having an impact.
He acknowledged that the reforms were initially implemented quickly but assured that the government is now taking a more strategic and measured approach.
He believes that wider consultations and adjustments by the President’s economic team will lead to better long-term outcomes.
Kalu stressed that economic challenges are not unique to Nigeria and that patience is necessary to allow the benefits of the reforms to materialize.
He remains optimistic that the policies will strengthen the economy and improve living conditions over time.
“It might be very difficult today, very hard and people are complaining but the reform is trickling down, somebody just told me this morning that the Dollar is 1490, so the reform is working but we should be patient,” he said.
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