Nigerian Economy: Insecurity Is Causing More Hunger, Reducing Agricultural Productivity - Mailafia
Channel: Plus TV Africa
Date: 2021-06-12

Hello and welcome to Plus TV Africa’s Democracy Day special.

We’re here to mark Democracy Day, three years after President Muhammadu Buhari declared June 12 as the new date to celebrate our democracy.

The performance of the Nigerian economy was mixed under former military Head of State, Sani Abacha. Foreign reserves increased from less than 500 million dollars to nearly 10 billion dollars. The national debt and inflation also reduced, but Nigeria remained a mono-product economy, with oil as the major contributor to economic growth. Procedures and processes were also abused, and there was unchecked looting.

Obadiah Mailafia, Former Deputy Governor, CBN joined Kayode Ladeinde and Mary-Ann Okon on this Year's Edition.
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