For sustained economic transformation, credible leadership must emerge out of a fair electoral process. Conclusion I must now conclude this boring lecture. Nigeria has all it takes to rapidly transform from a third world to a first world economy. The Obasanjo administration is laying a very solid foundation for that to happen.
They relate, in particular, to the outlook for economic activity and the evolution of commodity prices. Furthermore, increases in indirect taxation and administered prices may be stronger than currently expected owing to the need for fiscal consolidation in the coming years.