for society to decide on its priorities (Krueger, 2004). Increased economic resilience makes it easier to cope with unexpected shocks. These will always come, we just cannot predict when or in what form: the stronger the economy, the less harm those shocks do to a country's citizens, especially the poor. Indeed, economic reform will be in the interests of all Nigerian citizens. Living standards will rise, poverty will be reduced, and life will become more predictable, or at least less vulnerable to ups and downs. The policy-makers should know that reforms build on each other. The returns rise more rapidly the more widespread and the more co-coordinated they are. For any country that is ill-prepared, the modern global economy can seem harsh. For those with sound policies, the rewards are great indeed. Perseverance is worth it. The short-run target for the economy must be able to consolidate economic reforms through continued pursuance of sound macroeconomic management and fiscal prudence. In the medium-term, government should empower micro units of productive activities to utilise the benefits from the macroeconomic reforms. In the long-run, government must strive to attain the growth objectives as set out in our NEEDS 2 in order to reduce poverty by at least 30% by 2011, and attain annual GDP
for society to decide on its priorities (Krueger, 2004). Increased economic resilience makes it easier to cope with unexpected shocks. These will always come, we just cannot predict when or in what form: the stronger the economy, the less harm those shocks do to a country's citizens, especially the poor. Indeed, economic reform will be in the interests of all Nigerian citizens. Living standards will rise, poverty will be reduced, and life will become more predictable, or at least less vulnerable to ups and downs. The policy-makers should know that reforms build on each other. The returns rise more rapidly the more widespread and the more co-coordinated they are. For any country that is ill-prepared, the modern global economy can seem harsh. For those with sound policies, the rewards are great indeed. Perseverance is worth it. The short-run target for the economy must be able to consolidate economic reforms through continued pursuance of sound macroeconomic management and fiscal prudence. In the medium-term, government should empower micro units of productive activities to utilise the benefits from the macroeconomic reforms. In the long-run, government must strive to attain the growth objectives as set out in our NEEDS 2 in order to reduce poverty by at least 30% by 2011, and attain annual GDP
540_COURSES_Fiscal_Policy_and_Macroeconomic_Stability_in_Nigeria_1005428908.docx