Economy

Nigeria’s Economy Picking up, Says Buhari

  • Nigeria’s Economy Picking up, Says Buhari

President Muhammadu Buhari yesterday received briefings from some ministers and Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on the state of the economy.

Buhari, who was in the United Kingdom for 103 days on medical vacation, expressed delight that the economy was picking up.

The ministers that briefed Buhari include the Minister of Budget and National Planning, Udoma Udo Udoma and the Minister of Finance, Mrs Kemi Adeosun.

A statement endorsed by the Special Adviser on Media and Publicity, Femi Adesina, reads: “For almost two hours, President Muhammadu Buhari Monday received briefing from the Minister of Budget and National Planning, Senator Udoma Udo Udoma, the Minister of Finance, Mrs Kemi Adeosun, and Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, after which a delighted president declared that he was pleased with the progress being made on different fronts.”

According to the statement, the ministers and the CBN governor updated the president on the improving state of the economy, implementation of the 2017 Budget, preparation for the 2018 Budget, revenue strategies, combined cost reduction and debt management.

They also discussed monetary policy strategies and their economic impact, among others.

President Buhari, while reminding the ministers and CBN chief that reviving the economy was one of the major planks on which the campaign of his party, the All Progressives Congress (APC), was based, expressed gladness that things were looking up after two years of yeoman’s job.

Urging them to keep at it, the president noted that the main aim of government was to bring succour to Nigerians across all walks of life.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Transcorp Power Records N305.9bn Revenue, 165% PAT Growth in 2024

Transcorp Power Plc, a Transcorp Group power business, hit significant milestones in financial performance for…

8 minutes ago

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

19 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

19 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

19 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

20 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

21 hours ago