Nigeria, Oct. 27 -- The federal government is considering legislation to prevent successive administrations from reversing key economic reforms, as it seeks to establish a national policy framework to guide decisions on taxation, subsidies, trade and industrial development.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the proposed framework would establish economic principles to guide successive governments, regardless of changes in political leadership.

He spoke on Monday at the 32nd Nigerian Economic Summit in Abuja, where he presented the draft of Nigeria Economic Policy Framework for public consultation.

"We now need to lock it in, in institutions, in law, as well as policy framework, so tha...