The Nigerian Economic Summit Group (NESG) has issued a stern warning to the Federal Government, urging it not to succumb to 'reform fatigue' or consider policy reversals, such as the reintroduction of the petrol subsidy, despite a recent surge in government revenues.

President Bola Tinubu announced the removal of the petrol subsidy on May 29, 2023, stating it was a necessary step to end wasteful spending and redirect funds towards public infrastructure. This decision, however, led to an increase in fuel prices and has been a focal point of economic debate.

The NESG's caution comes as the government experiences a revenue boom, but the group stresses that stabilization gains remain fragile. They advocate for continued commitment to reforms to ensure sustainable economic growth and development.

Meanwhile, former Vice President Atiku Abubakar has voiced strong criticism regarding the current administration's economic policies. He pointed to a recent World Bank report that places Nigeria's poverty rate at 63 percent, affecting approximately 140 million citizens.

Atiku Abubakar stated that the worsening hardship across the country is a direct consequence of