By: Sunday Ameh
Nigeria’s incoming Permanent Representative to the United Nations, Jimoh Ibrahim, has said the economic reforms introduced by President Bola Ahmed Tinubu are irreversible, assuring that Nigerians will soon begin to feel their benefits.
Jimoh made this known on Thursday during a parliamentary session held on the sidelines of the IMF–World Bank Spring Meetings in Washington, D.C..
According to him, while the reforms may come with temporary challenges, they remain critical to Nigeria’s long-term economic growth and development.
He said, “President Bola Tinubu introduced reforms that will make Nigeria great. These policies may come with short-term pains, but they are indispensable for growth and economic development.”
Jimoh noted that the country’s current economic direction requires patience and collective support, expressing optimism that the outcomes would justify the sacrifices being made by citizens.
Speaking on global economic concerns, the diplomat warned that instability in the Middle East could undermine global economic progress, particularly if tensions escalate around key oil routes.
He said, “No country can achieve significant economic development this year or thereafter until we jointly secure peace in the ongoing tensions involving Iran, especially as it concerns international passage through the Strait of Hormuz.”
He stressed that rising geopolitical tensions, especially those affecting oil supply channels, could trigger increases in global oil prices and slow down economic recovery efforts worldwide.
Jimoh, who is transitioning from his role in parliament to his new diplomatic position, also used the occasion to appreciate his colleagues, marking what appeared to be his final appearance in that capacity at the global gathering.
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