As the government seeks to ward off a looming recession, the Buhari government is faced with the seemingly insurmountable task of balancing a $15 billion state deficit. A key starting point is reform of the oil sector and the NNPC.
While steady progress has been made to tackle corruption, Buhari turns to the economy in an attempt to wean Nigeria off its over dependence on oil proceeds.
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In comparison to other Sub-Saharan countries, the 2016 outlook for Nigeria is positive, with tentative optimism afforded to a reversal of its current political, economic and security woes.