Several landmark successes that have fundamentally changed the dynamics of the economy include: the banking sector and telecommunication revolutions; the debt relief (which wiped off $ billion of Nigeria’s external debt), the sound macroeconomic environment; the privatization programme; deregulation of the down stream oil sector; fundamental sectoral reforms in agriculture and health; stable exchange rate regime and increasing external reserves (from $ b in 1999 to about $ b today, after paying $ b to the Paris Club of creditors).
Nigeria has been de-listed from the FATF list and even the rating on corruption has significantly improved despite the long lags in perception. End period inflation has remained at around 10% for three years and the goal is to reduce to single digit.