By Peter Uzoho
As Nigeria battles to exit its second recession in less than a decade, largely caused by the COVID-19 pandemic and attendant drop in crude oil prices, analysts at the PwC have emphasised the need for the federal to expedite implementation of all fiscal reforms for Nigeriaâs quick economic recovery.
PwC stated this in its analysis of the 2020 third quarter national economic report published by the Nigeria Bureau of Statistics (NBS), entitled: âNigeria Economic Alert Q3â2020 GDP Report: Deepest Recession in Decades Offers Opportunity for Extraordinary Reformsâ.
It specifically stated that, âat the core of the best and most effective approach to expediting Nigeriaâs economic recovery is the implementation of fiscal reforms, some of which have been captured in the Nigeria Economic Sustainability Plan (NESP).â