Nigeria Economy | |
Nigeria Economy | |
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Friday,
July 05, 2019 /10:00AM / By FDC
As President Buhari ponders on the selection of the “A” Team for his
second term, the struggle to get the plum jobs has become a do or die affair.
More important to note, is that the clouds are quietly gathering ahead
of a possible political storm. The warlords and Godfathers are ready to do
battle just in case their protégés are left out in the sharing of the political
spoils.
Meanwhile the economy is gradually but slowly recovering with minimal
impact on the quality of life of the people. The national minimum wage is yet
to be implemented and the spectre of arrears stoking price inflation could
become a macro-economic nightmare. Inflation in the month of May was marginally
higher at 11.4% whilst gross external reserves slipped to $45.02bn
The willingness to now sign the African Continental Free Trade Agreement
(AfCFTA) is a major step in the right direction, showing Buhari is becoming
more reform oriented. The effect of a possible new team or more likely (a
return of 70% of the old ministers) to the cabinet is among the issues that are
unpacked by Bismarck Rewane and the FDC Think Tank at the LBS July breakfast
session in this edition titled Nigeria and the excess supply of intellectual
dishonesty in the link below.
Kindly download The LBS Executive Breakfast Session – July 2019
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