President Buhari pleased with progress made on Nigeria’s economy

President Buhari pleased with progress made on Nigeria’s economy

After his return from the United Kingdom on health grounds, Nigeria’s President Muhammadu Buhari said he was pleased with the way the economy has improved.

The President in a meeting which laster over an hour 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.

Nigeria has been battling recession, and also with dwindling fortune of the foreign exchange.

The Ministers and CBN Governor updated the President on the improving economy, implementation of the 2017 Budget, preparation for the 2018 Budget, revenue strategies, combined cost reduction and debt management, NAN reports.

Also discussed were monetary policy strategies and their economic impact, among others.

“A delighted president declared that he was pleased with the progress being made on different fronts,” said the presidency in a statement issued by Buhari’s spokesman Femi Adesina.

Buhari, who assumed office in May 2015, reminded the ministers that – “reviving the economy was one of the major planks on which the campaign of his party, the All Progressives Congress, was based” and “expressed gladness that things were looking up after two years”.