Nigeria’s Vice President in his twitter handle tweeted the above infographic which they believe captures their plans for the Nigerian economy following the release of the 2016 Budget. The plan according to the Vice President includes the following;
- Policy Governance & Security
- Diversify the economy
- Power, rail and roads
- Oil and Gas reforms
- Ease of doing business
- Social investments
The government has given us an insight into how they intend to carry out this game plan with the late passage of the budget, increase in the price of fuel and electricity bill, capital controls and a likely devaluation. So far, this has failed to reflate the economy as most Nigerians have lost confidence in the economy seeing that their purchasing power has been deflated.