Bismarck Rewane: Sustained Reforms Key to Nigeria's Corporate Competitiveness
By Aboki Forex —
Bismarck Rewane, founder of Financial Derivatives Company Limited, says Nigeria must stick with policy reforms to boost corporate competitiveness and create a better environment for business growth.
He spoke yesterday at the 2026 PEARL Awards Corporate Summit in Lagos. Rewane described reform as a continuous process, not a one-time event. He stressed that long-term commitment is needed for real economic change.
According to him, reforms help build an enabling environment for businesses. Strong institutions are just as important as sound government policies in driving growth and competitiveness.
“Reform is a process, not an event. Sustainable reforms are necessary for long-term corporate competitiveness. While reforms do not automatically guarantee successful companies, businesses are more likely to emerge, grow and thrive in a well-reformed environment,” he said.
Rewane added that companies in a stable, reform-driven economy have a better chance of expanding and creating value for shareholders. He said Nigeria's future competitiveness depends on its ability to sustain and deepen ongoing economic reforms.
On the economic outlook, he warned that rising poverty, food insecurity and election-related spending pressures could widen the fiscal deficit and increase financing needs. However, he noted that Nigeria remains at moderate risk overall.