President Muhammadu Buhari has approved
the convocation of a national economic conference aimed at rallying the
country together to offer solutions to the current economic challenges
facing Nigeria.
A top government official, who spoke on condition of anonymity, disclosed this to a group of journalists in Abuja on Thursday.
The approval came barely a week after.....
Nobel laureate, Prof. Wole Soyinka, called on the President to summon an
emergency economic meeting to recommend specific solutions to the
nation’s prevailing economic challenges to save the country’s economy
from further drift.
The nation’s
currency has slumped drastically against the dollar in recent months due
largely to the scarcity of the foreign currency and the tough
regulations of the Central Bank of Nigeria.
This appeared to have led to spiralling
inflation in the country as most products are produced abroad, putting
the nation’s foreign reserves and currency under intense pressure.
The price of crude oil in the
international market has continued to fall since November 2014,
threatening to frustrate the provisions of the nation’s N6.07tn 2016
budget.
Soyinka, who made the call when he
visited the Minister of Information and Culture, Alhaji Lai Mohammed, in
Abuja last Thursday, had said experts and consumers should be invited
to the meeting.
Drop a comment...thanks!
No comments:
Post a Comment