Breaking News
buhari-return

I’m happy the economy is improving – President Buhari

President Muhammadu Buhari has expressed delight over the ‘improvement’ in the country’s economy, which has been in recession for about two years.

buhari-return

DOWNLOAD OUR ANDROID APPLICATION NOW! DOWNLOAD NOW
JOIN OUR WHATSAPP GROUP FOR UPDATES AND FREEBIES JOIN NOW

Buhari, who just returned to Nigeria last week after a prolonged sick-leave in London, stated this after receiving briefings from Ministers and the Central Bank of Nigeria (CBN) on Monday, August 28.

READ ALSO:  My Children Too Are Sweating, They Have Heat Rash – Fashola

In the statement issued by Buhari’s spokesman, Femi Adesina, the President was briefed for nearly two hours about the economy and monetary policies by the Minister of Finance, Kemi Adeosun, the CBN Governor, Godwin Emefiele and the minister of Budget and National Planning, Udoma Udo Udoma.

“A delighted president declared that he was pleased with the progress being made on different fronts,” Adesina said.

READ ALSO:  GOODNEWS: FG Pays 81 Months Pension Arrears

The country has been battling currency crisis and dollar shortages caused by low oil prices, which is Nigeria’s main source of revenue.

But oil prices have risen since the low prices of 2014, leading to increased receipts and as a result of peace talks in the Niger Delta region, militants have since suspended attacks on oil facilities.

The attacks on pipelines cut crude production by more than a third in 2016.

READ ALSO:  BREAKING NEWS: Obaseki wins at Supreme Court

Nigerian stocks rose to a nearly three-year-high in August, largely on the opening of a market-determined FX trade window by the central bank in April that has prompted some foreign investors to return.

About Trioti

For Adverts, Hypes and Uploading Whatsapp/Call 07034914441

Check Also

5b290dbd2cfa0

Mercy Aigbe just bought herself a house (photos)

Share this on WhatsAppActress and single mum of 2, Mercy Aigbe, is now a proud …

Leave a Reply

css.php