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Maaa, te Lorun Rufai.. let me attend to every question and argument you have raised. 😂 First, I honestly think you may not have heard this particular dimension of the argument before. So, here is my honest submission, although e go long small. I appreciate your questions. But we must distinguish between the rationale for the reforms, the progress made and the failures of implementation. Three years is enough to demand accountability, but not necessarily enough to complete the structural transformation of an economy burdened by decades of distortions. 1. How much of the fiscal savings has translated into productive investment and better living standards? The FG Aug 2026 scorecard puts subsidy savings at about N15.8t between June 2023 & Dec 2025- I guess and, shared across the three tiers of govt. It also reports N6.47 tr in strategic infrastructure payments. However, the IMF has raised legitimate concerns about capital expenditure under-execution, transparency in tracking savings & the burden of debt servicing. I agree these require attention. But states & local governments also received substantial additional allocations. We must ask what they have done with their share. Development is not exclusively a federal responsibility. 2. Beyond exchange-rate stability, what is being done for businesses? Baba d reforms go beyond FX subsidy removal, exchange-rate liberalisation, banking recapitalisation, oil & gas reforms & the new tax framework. These are attempts to correct structural distortions & improve the business environment. Are electricity, credit, logistics & production costs where they should be? No. But these challenges do not mean nothing is changing. The FRAMEWORK is BEING REWORKED, although the benefits are not yet reaching businesses uniformly...I know you have not seen this type of reforms before, you are not only me too ..I am more open-minded 3. Are production, investment & efficiency improving? Nig recorded approximately 4% GDP growth in 2025, according to the IMF, with contributions from several sectors. Oil production has also improved. However, manufacturing & industrial productivity remain major concerns. This is why d next phase must move beyond macroeconomic stabilisation to manufacturing, agriculture, exports, energy and private-sector investment. GDP growth alone is not industrial transformation. 4. Is increased revenue translating into better public welfare? This is where govt must do much more. The IMF estimates dt debt-service payments consumed about 53% of federal revenue in 2025. That is a serious fiscal challenge. Higher revenue must translate into better healthcare, education, security, infrastructure & purchasing power. On infrastructure, projects such as the Lagos–Calabar Coastal Highway, Sokoto–Badagry Superhighway & Akwanga–Jos–Bauchi–Gombe–Maiduguri corridor are intended to connect cities, production centres & regional economic hubs. Their real value will be measured by reduced logistics costs, improved market access & increased economic activity, not simply kilometres of roads constructed. Now, my bigger argument: I am not asking anyone to celebrate hardship or excuse implementation failures. I am saying we must assess these reforms against the structural problems they were designed to address. The Buhari Yrs are a valid comparison, but we should compare actual policies and outcomes, not assume every reform programme is d same. Nigeria needed 4damental economic restructuring. The current reforms have created an opportunity, but govt must now translate macroeconomic adjustments into production, jobs, investment & improved living standards. I will defend d need for structural reforms, but I will not defend every implementation failure. We must demand accountability while remaining intellectually honest about where we were, what is changing & what remains to be done. That, to me, is the difference between developmental economic analysis (analyst) & political condemnation(ist)