Nigerians will suffer before things turn around – Ex-investment banker

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According to Victor Ogiemwonye, a retired investment banker, Nigerians, particularly the young, will endure some hardship before the country’s situation improves.

He said that indications of recovery will become more apparent in the upcoming years and encouraged Nigerians to exercise patience as the nation navigates current economic reforms.

In response to inquiries during an interview on Arise Television on Monday, Ogiemwonye provided this guarantee.

He claimed that although the reforms implemented by the current administration are essential, they would not show benefits right away.

The former investment banker went on to say that while the current pain is severe, the administration is working to stabilize the economy.

“What we are seeing is finally somebody saying, ‘Let’s stop this nonsense.’ The youths are going to suffer for a little while more, but in my estimation, in about two years, we are going to start seeing things turn for the better.

“Let me point out that the current reforms are reforms that should have taken place several years ago. When you delay a decision, the consequences are going to be different,” Ogiemwonye explained.

He pointed out that eliminating gasoline subsidies, which he said had been long overdue, was one of the most significant reforms.

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