Nigeria's economic recovery plan

Nigeria's Economic Recovery and Growth plan has been a topic of much anticipation and discussion among international investors, domestic investors, and citizens alike. The plan, which was initially scheduled for release in December last year, has yet to be fully unveiled, leaving many wondering about the potential impact it could have on the Nigerian markets. In a recent interview on CNBC Africa, Frank High School, the Editor-in-Chief of Business Day Nigeria, shared his insights on the upcoming economic recovery plan and the challenges that may lie ahead. High School expressed cautious optimism about the plan, emphasizing the importance of effective implementation as a key factor for its success. He highlighted the need for the government to show courage and enthusiasm in implementing potentially controversial policies that could benefit the economy. One of the key concerns raised by High School is the transition of Nigeria's economy away from its heavy reliance on oil. He underscored the importance of attracting private capital and emphasized the government's role in incentivizing investments to drive economic growth. High School also pointed out the potential impact of politics on the economic recovery process, noting the challenges posed by political differences and the need for unity in pursuing common policies. Despite efforts to bridge the gap between the executive and legislative arms of government, High School expressed concerns about the potential distractions posed by the upcoming elections in 2019. Overall, High School emphasized the importance of a coordinated and unified approach to steering Nigeria's economy towards a path of sustainable growth and development.