As his tenure in Nigeria draws to a close, outgoing British High Commissioner Richard Montgomery has thrown his weight behind President Bola Tinubu’s economic reform agenda, describing it as a necessary step toward securing Nigeria’s long-term economic future. Speaking during a farewell visit to the headquarters of the Nigeria Revenue Service (NRS) in Abuja, Montgomery acknowledged that the reforms have brought challenges for many Nigerians but insisted that they are laying the foundation for sustainable growth and stability.
The British envoy noted that measures such as currency reforms, inflation management, fiscal restructuring, and tax reforms may have caused short-term hardship, but they remain critical to revitalizing Africa’s largest economy. Reflecting on his three years in Nigeria, Montgomery said he had witnessed significant developments aimed at improving economic governance and boosting investor confidence. According to him, the efforts of key members of the economic management team have been instrumental in positioning the country for future success.
Montgomery specifically praised the contributions of Central Bank Governor Yemi Cardoso, Finance Minister Wale Edun, NRS Executive Chairman Dr. Zacch Adedeji, and tax reform experts involved in strengthening Nigeria’s fiscal framework. He highlighted improvements in public financial management, increased investment attraction, and progress in enhancing Nigeria’s credit profile. The envoy described the reforms as “fundamental to the future of Nigeria” and expressed admiration for the technical expertise and political strategy behind their implementation.
Looking ahead, Montgomery urged policymakers to focus on accelerating economic growth over the next four years. He suggested that increasing Nigeria’s growth rate from four percent to seven percent would have a meaningful impact on the lives of ordinary citizens. While acknowledging the complexities of managing Nigeria’s economy, he expressed confidence that the country possesses the talent and leadership needed to achieve that target and unlock greater prosperity.
The British diplomat also commended the partnership between the Nigeria Revenue Service and His Majesty’s Revenue and Customs (HMRC), describing the NRS as one of the United Kingdom’s strongest institutional partners in Nigeria. Responding to the remarks, Dr. Adedeji expressed appreciation for Montgomery’s support throughout his tenure, noting that both his personal encouragement and technical assistance played a significant role in advancing key reforms. He emphasized that sustainable development is built on strategic partnerships rather than aid alone and expressed optimism that the strong relationship between both countries would continue under Montgomery’s successor.
source: Leadership
