Business 3 Early Results of Buhari's Anti Corruption Watch on Nigeria's Economy

[LequteMan]

Nigeria - According to a VANGUARD report, President Muhammadu Buhari's anti-graft watch is beginning to display results in the country's economy.



1. Increase in foreign reserves ($28.5bn in May to $31.53bn by July 22)
This was reportedly achieved through the blockaging of leakages

2. Revival of refineries
Recently, the CBN gov. Godwin Emefiel confirmed that the CBN and the NNPC have held a couple of meetings .."and I am aware that Port-Harcourt and Warri have started refining petroleum products. We are expecting that in the month of August, Kaduna Refinery will begin refining petroleum products.

3. Naira is well priced, no more devaluation
Emefiele also said that at $1- N 197, the nation’s currency was well-priced, foreclosing any new plan to devalue it.

Click here to read VANGUARD's report

 

[curator]

Item 1 has just been achieve by castrating the economy. While we have saved $2 billion we are losing billions more daily and many businesses will fail and never recover. Ask questions of MAN and other Nigerian business associations.