Nigeria's Tinubu swears in 45 ministers amid concerns over growth, insecurity

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Nigeria's Tinubu swears in 45 ministers amid concerns over growth, insecurity
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Nigerian President Bola Tinubu on Monday swore in 45 ministers to a new cabinet that must get to grips with tackling the problems of sluggish growth, a weak currency and high inflation in Africa's largest economy.

The ceremony took place nearly three months after Tinubu took office on May 29 after winning a disputed presidential election in February which is being challenged by his main opponents in court.

The new cabinet will have to confront sluggish growth, caused by a previous collapse in oil prices that weakened the currency, slashed government revenues and drove up inflation. Tinubu, 71, who is chairman of regional bloc ECOWAS, is working with other heads of government in West Africa to find a solution to the crisis in Niger where a military junta has seized power.

The reforms are a gamble to try to kick-start growth but inflation has soared, worsening a cost of living crisis for Africa's most populous nation. Nigeria will release its second-quarter growth data on Friday, the first after Tinubu initiated the reforms.

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ReutersAfrica /  🏆 31. in ZA

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