Rewane Pushes For Power Sector Reform To Secure 2025 Economic Prosperity

Rewane Pushes For Power Sector Reform To Secure 2025 Economic Prosperity

In a recent interview, prominent economist Bismarck Rewane, CEO of Financial Derivatives Company Limited (FDC), shared his perspective on Nigeria’s economic outlook for 2025. He discussed the projected inflation rate of 25%, the…Rewane Pushes For Power Sector Reform To Secure 2025 Economic Prosperity

factors that could help the Naira appreciate to N1,550/$, and emphasized the urgent need for power sector reforms to achieve the 4.6% GDP growth rate target in the proposed 2025 budget.

Rewane explained that while Nigerians hope for lower inflation, historical trends suggest that inflation will remain elevated, with a gradual moderation towards 25%. He also projected that the Naira could appreciate to N1,550/$, based on dynamic equilibrium in the economy, stable oil prices, and rising cocoa prices.

Looking ahead, Rewane stressed the importance of power sector reforms to drive economic growth, suggesting that such changes could push the growth rate to 6% or even 7%. He expressed doubts about achieving the ambitious goal of a $1 trillion economy by 2030, citing the need for reforms in both physical and institutional infrastructure to ensure sustainable development.

Rewane concluded that while growth is possible, Nigeria must take swift action, particularly in power sector reforms, to avoid stagnation and ensure a brighter economic future in 2025.

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