cbn speech, 2006-07-25
Several landmark successes that have fundamentally changed the dynamics of the economy include: the banking sector and telecommunication revolutions; the debt relief (which wiped off $30 billion of Nigeria's external debt), the sound macroeconomic environment; the privatization programme; deregulation of the down stream oil sector; fundamental sectoral reforms in agriculture and health; stable exchange rate regime and increasing external reserves (from $4.9 b in 1999 to about $37 b today, after paying $12.4 b to the Paris Club of creditors).
Sentiment: neutral
Topic: mp_economic_activity