Nigeria In One Minute
Economic Reforms Suffer as Politics Take Centre Stage
The elevated political tension observed in the country ahead of the 2019 general election is negatively affecting major reforms expected to drive growth in the economy, analysts have warned.
…This is just as the country’s external reserves have dropped to $47.069 billion as of last Thursday.
This represented a decline by $729 million in one month compared with the $47.798 billion it was as of July 2, 2018.
Speaking in an interview, the Director General of the West African Institute for Financial and Economic Management (WAIFEM), Prof. Akpan Ekpo, warned that the rumble in the political space could scare potential foreign investors.
THISDAY, August 6, 2018
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