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Vol 64 No 24

Published 30th November 2023


Tinubu struggles to rebalance the budget

Based on ultra-optimistic data on oil exports and tax, the President insists his market reform policies are on track

The Central Bank of Nigeria's second successive postponement of a bi-monthly meeting of its influential monetary policy committee (MPC), in November, points to dissension behind the scenes of President Bola Ahmed Tinubu's All Progressives Congress (APC) administration. As markets and investors ponder the lack of monetary policy guidance under a new CBN governor who talks tough on the bank's independence, doubts rise over the realism of the government's fiscal and debt management plans, and the growth prospects of Africa's largest economy.

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