Nigeria's New Cabinet Triggers Another Wait for Policy Direction

Updated on
  • Deadline to submit budget will most likely be missed
  • Finding funds for infrastructure spending poses challenge

Muhammadu Buhari with newly-appointed ministers at the swearing in ceremony in Abuja, on Wednesday.

Photographer: AFP via Getty Images

Nigerian President Muhammadu Buhari has ended a more than five-month wait by inaugurating his cabinet. But investors hoping for clarity on plans to rescue the economy from the oil-price plunge may have to remain patient for a little while longer.

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