What can Tinubu do differently?, By Remi Ladigbolu
In May, S&P Global Ratings upgraded Nigeria’s sovereign rating from B- to B, citing higher oil production, increased domestic refining capacity and the 2023 exchange-rate liberalisation as factors supporting stronger growth and balance-of-payments outcomes.
The foreign exchange market has been substantially changed, tax administration has undergone a major overhaul and domestic refining has expanded.
The real test is whether domestic refining reduces the foreign exchange burden, creates industrial opportunities and lowers energy and transport costs.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
