President Buhari may inaugurate cabinet
Two months after his inauguration, the waiting game for President Muhammadu Buhari’s cabinet would be over on Wednesday.
The Upper Chamber Tuesday completed screenings and confirmed all the 43 Ministerial Nominees, forwarded to Nigeria’s Senate by President Muhammadu Buhari.
The president could name his cabinet with their respective portfolios tomorrow, Per Second News gathered, a move that could end more than two months without ministers.
The gap has led to a slowdown in investment and a near-halt in decision making, according to investors, contractors and diplomats. President Buhari in his inaugural speech, set a 10-year target for Nigeria to lift at least 100 million of its people out of poverty.
“With leadership and a sense of purpose, we can lift 100 million Nigerians out of poverty in 10 years. Following the 60 percent drop in oil prices between 2015 and 2016, through monetary and fiscal measures, we stimulated economic growth, curbed inflation and shored up our external reserves, he said.
“We now have witnessed eight quarters of positive growth in the economy and our GDP is expected to grow by 2.7 per cent this year. Furthermore, our external reserves have risen to $45 billion enough to finance over nine months of current import commitments.”