Ephphatha!
By the help of The Lord, you are open
Ephphatha!
By the help of The Lord, you are open
Ephphatha!
By the help of The Lord, you are open
Ephphatha!
By the help of The Lord, you are open
Ephphatha!
By the help of The Lord, you are open
NIGERIA'S CREDIT OUTLOOK IS NOW POSITIVE, BUT THE REAL WORK IS NOT FINISHED
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Fitch Ratings has revised Nigeria's credit outlook from Stable to Positive and maintained its long-term rating at ‘B’. This is encouraging news, but it is important to understand what it really means.
Fitch is recognising improvements in Nigeria's foreign exchange reserves, monetary and exchange-rate reforms, and efforts to bring inflation under control. The country's external financial position has also become stronger, giving it a better ability to withstand economic shocks.
However, Positive outlook does not mean Nigeria's credit rating has been upgraded. The rating remains ‘B’, which still reflects significant credit risk.
The major concern is the government's ability to generate enough revenue to meet its obligations. Fitch expects interest payments to remain a heavy burden on government revenue, leaving less money for infrastructure, healthcare, education and other public needs.
For investors, a better outlook could improve confidence and support Nigeria's access to capital. But it does not automatically mean cheaper loans, a stronger naira or better living conditions for ordinary Nigerians.
#AnalystOpinion:
Nigeria is making progress, but the real test is whether these improvements can be sustained and translated into more jobs, lower inflation, stronger public finances and better living standards.
A positive outlook is encouraging. Delivering results that Nigerians can feel is what truly matters.
@StockmanNigeria
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@ChifeDr@AbdulMahmud01 Mali is no more part of ECOWAS. ECOWAS boots on ground without invitation would amount to hostile invasion, not different from the terrorists.