{
  "id": 15395196,
  "title": "Presidential aide: A prosperous nation can’t be built in 3 years",
  "url": "https://urgent.news/2026/10/18/presidential-aide-a-prosperous-nation-cant-be-built-in-3-years",
  "topic": "world",
  "section": "World",
  "published": "2026-10-18T09:35:12.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/presidential-aide-a-prosperous-nation-cant-be-built-in-3-years/"
  },
  "original_language": "en",
  "account": "Special Adviser to the President on Economic Affairs, Tope Fasua, has clarified that building a prosperous nation cannot be accomplished in a mere three or four years. During a press conference at the IMF/World Bank Annual Meetings in Thailand, Fasua emphasized that Nigerians would start to reap the benefits of ongoing economic reforms as they solidify recent improvements in inflation, foreign reserves, economic growth, and investment. Nigeria's recent economic engagements in Thailand resulted in 65 transactions and secured more than six billion dollars in private capital commitments.\n\nFasua assured that the government was committed to sustaining economic reforms while simultaneously implementing social protection measures to alleviate the strain of economic hardship on vulnerable citizens. The Nigerian inflation rate, which had previously been 14.63 percent, declined in September. Fasua expressed optimism that the downward trend would continue towards the 10 percent range in coming months, provided there were no unforeseen circumstances.\n\nFasua highlighted several positive economic indicators, including declining inflation, reduced interest rates, increased foreign reserves, and improved Gross Domestic Product (GDP) growth. These factors indicate that the economy is moving in the right direction. Moreover, developments in the capital market have attracted investments amounting to N133 trillion, which is approximately 100 billion dollars.\n\nHowever, Fasua acknowledged that the benefits of macroeconomic improvements had yet to translate into tangible relief for many households. He likened economic reforms to laying a solid foundation for a building, asserting that sustainable improvements in household welfare necessitate a stable macroeconomic environment. President Bola Tinubu has indicated that the period of economic sacrifice is nearing its conclusion, with the government now focusing on consolidating the gains of the reforms.\n\nFasua noted that rising fuel prices continue to exert pressure on households and businesses. Nevertheless, he maintained that several sectors, such as real estate, oil and gas, entertainment, and electronic commerce, were showing encouraging performance. The government is determined to resist any attempts to reverse the reforms, viewing the current period as unsuitable for abandoning the policies.\n\nAddressing concerns about hardship, Fasua revealed that the Federal Government is developing a social protection package to prioritize the most vulnerable members of society, including the elderly, children, and individuals living with conditions that limit their ability to support themselves. Fasua emphasized that providing direct cash assistance is necessary for vulnerable citizens who require immediate support, although it is preferred to teach people how to support themselves rather than simply giving them financial aid.",
  "summary": "Tope Fasua, Special Adviser to the President on Economic Affairs, (Vice President’s Office), has said a prosperous nation cannot be built within three or four years. Speaking with NAN on the sidelines of the IMF/World Bank Annual Meetings in Thailand, Fasua said Nigerians will begin to feel greater benefits of ongoing economic reforms as it […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}