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President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent.

Business

The President who disclosed this during an audience with the President of the World
Bank, Mr. Ajay Banga on Friday at the Presidential Villa, Abuja, said its in a bid to block
all financial loopholes, as he highlighted Nigeria’s resilience and implored the Bretton
Woods institution to view the country as a significant player within the global
community, not solely as a struggling economy.
On poverty alleviation, the President called for more increased support from the World
Bank, expressing optimism for a productive collaboration between Nigeria and the World
Bank that will lead to mutual benefits and sustainable progress.
He also discussed the ongoing efforts to address issues such as subsidy removal, foreign
exchange mismanagement, exchange rates, inflation, liquidity, and debt management.
In his remarks, Mr. Banga commended President Tinubu for his efforts in addressing the
economic challenges of the country, as he pledged the support of the global financial
institution for Nigeria.

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