Buhari happy, says economy improving

President Muhammadu Buhari on Monday declared that he was pleased with the progress being made on different fronts of the economy.

The president expressed his delight when he received briefing from his economic team, represented by 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.

The Ministers and 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.

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

Read also: Hope rises for stable economy as inflation rate drops for 6th consecutive time

President Buhari, while reminding the Ministers and CBN Governor 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.

Buhari’s expression of delight is coming the same day the National Bureau of Statistics (NBS) released the Consumer Price Index (CPI) which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in the month of July.

The bureau’s report shows that this is the sixth consecutive time the index would be dropping since January this year.

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