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Oriental News Nigeria
Home»Banking & Finance»Senate Confirms Ministerial Nominees
Banking & Finance

Senate Confirms Ministerial Nominees

By orientalnewsngOctober 29, 2015Updated:October 29, 2015No Comments1 Min Read
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Yemisi Izuora
Rotimi Amechi
The Senate has approved the final list of 18 cabinet nominees submitted by President Muhammadu Buhari today bringing to 36 the total number considered fit to be ministers.

Senate President Bukola Saraki read out the names which the lawmakers approved by voice vote, enabling Buhari to set up his cabinet five months after he took office.

Nigeria, Africa’s biggest economy and biggest oil producer, is struggling to cope with falling crude prices, the source of two-thirds of government revenue and more than 90 percent of foreign income.

Without a finance minister, the central bank has imposed currency restrictions to conserve the country’s declining reserves.

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