It noted that in Nigeria, Exchange rate and monetary policy frameworks have been adjusted, fuel subsidies reduced, coordination between the ministry of finance and the Central Bank of Nigeria (CBN) improved; Central Bank of Nigeria’s (CBN) financing of the government scaled back, with administrative efficiency measures being taken to raise the currently low government revenue, as well as oil production.
Fitch Revises Nigeria’s Outlook to Positive, Says Economic Reforms Have Reduced ‘Distortions’
Date:
