Is this a move to a stable Economy?

[Livingleged]

Damn! Naija just leveled up on the world-stage. EU just removed us from the high-risk-list

Nigeria has been officially removed from the European Union's high-risk financial jurisdictions list, a development expected to ease trade, payments, and investment flows between the country and Europe. The decision was confirmed by the European Commission, which noted that Nigeria, alongside South Africa, Burkina Faso, Mali, Mozambique, and Tanzania, had strengthened their anti-money laundering (AML) and counterterrorism financing (CFT) systems and no longer posed "strategic deficiencies" under EU standards.

Previously, being on the EU's high-risk list meant that Nigerian businesses and banks faced enhanced scrutiny, stricter documentation, and slower cross-border transactions. With the removal, these barriers are set to decrease, paving the way for smoother trade and investment.

The European Commission emphasized that the affected countries had implemented reforms aligning their financial systems with international standards set by the Financial Action Task Force (FATF), further strengthening global financial integrity.

Source: https://x.com/instablog9ja/status/2011915355363348868?s=46

[DYOR+BTC]

Damn! Naija just leveled up on the world-stage. EU just removed us from the high-risk-list

Nigeria has been officially removed from the European Union's high-risk financial jurisdictions list, a development expected to ease trade, payments, and investment flows between the country and Europe. The decision was confirmed by the European Commission, which noted that Nigeria, alongside South Africa, Burkina Faso, Mali, Mozambique, and Tanzania, had strengthened their anti-money laundering (AML) and counterterrorism financing (CFT) systems and no longer posed "strategic deficiencies" under EU standards.

Previously, being on the EU's high-risk list meant that Nigerian businesses and banks faced enhanced scrutiny, stricter documentation, and slower cross-border transactions. With the removal, these barriers are set to decrease, paving the way for smoother trade and investment.

The European Commission emphasized that the affected countries had implemented reforms aligning their financial systems with international standards set by the Financial Action Task Force (FATF), further strengthening global financial integrity.

Source: https://x.com/instablog9ja/status/2011915355363348868?s=46

The European union also is one of the causes of some problems in Nigeria, on what reason was Nigeria removed from the world high risk financial jurisdiction when we all know there is know improvement in all sectors of Nigeria.  In as much as Nigeria is consigned now there is know improvement in all sectors, which is a clear indication that the general poverty rate of citizens will still increase because there is no job opportunity created by the government apart from private sectors so what do you think lead to such unimaginable upgradement now by the European union if not not for what our so called leaders have offered them as a token of appreciation