Abuja, BY NSE ANTHONY-UKO
— Nov 5, 2014 | 2 Comments
The federal government says it has done so well that in the last three years 40 million Nigerians are comfortable enough to own cars.

Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala made this disclosure yesterday in Abuja. According to her, “the improvement in the economic situation of Nigerians based on concrete steps has led to a situation where about 40 million Nigerians are comfortable to have cars.”

She then argued that if the tempo at which the country is performing is sustained in the nearest future, Nigeria will become one of the biggest 20 economies in the world.

The finance minister also disclosed that the federal government has so far mobilized over N2.4 trillion from external sources in the last three years to execute key projects.

The monies, according to the minister, were sourced from multilateral agencies with long gestation repayment period and zero percent interest charges.

She spoke on yesterday in Abuja at the Presidential Public Affairs Forum organised by the Office of the Senior Special Assistant to the President on Public Affairs where she emphasized that government is determined to be very prudent in the area of expenditure finance and has chosen to keep borrowing to a tolerable limit while concerted effort will be made to broaden sources of revenue outside of oil.

Ngozi Okonjo-Iweala also stated that the Goodluck Jonathan administration has reformed the import waiver system but emphasized that the policy was selective.

She said prior to the advent of Jonathan as president, the import waiver system was characterized by sharp practices. According to her, “before President Jonathan came on board, the import waiver system was bad. They were either issued arbitrarily, were lopsided and not good for any economic environment.”

She added that three years ago, when she came on board as minister the first issue the president put before the first meeting of the National Economic Management team was the import waiver which he felt was selective, lopsided and led to the midnight visits. “We are happy to announce that the policy has since been reversed and the import waiver system reformed.”

She stated that the reform of the waiver system was not the only significant achievement of the Federal Government under President Jonathan. She noted that another key indicator of the positive transformation in the economy was the rebasing of Nigeria’s economy, which she said has come after just three years of the present administration.

According to her the positive transformation agenda as championed by the administration has led local and international investors to find the business environment in Nigeria healthy thereby leading into massive investments as exemplified by the likes of Alhaji Aliko Dangote whom she said has invested $16 billion.

She also disclosed that housing refinancing has also been put in place and many Nigerians have already benefitted from it with more to key into it in the near future where young Nigerians will be able to owe houses with payment spread across 20 years.


http://leadership.ng/business/389406/40m-nigerians-can-afford-cars-jonathan-okonjo-iweala?utm_content=buffer88c20&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

GOD please give me the WISDOM to vote for the smartest economic team in Nigeria....TEAM GEJ

Madam abeg which road when this 40million people go drive their motor?

hardywaltz:
Madam abeg which road when this 40million people go drive their motor?

that PICS was taken in IMO STATE ur APC STATE but below is what we are talking about

dlox147:
that PICS was taken in IMO STATE ur APC STATE

No in Akwa Ibom ur PDP State

This woman too like big grammar. What the heck is she saying now? That nigerians are yet to have 40million new car owners or nigerians already have 40million new car owners?

Yes, she is right unfortunately the problem is that there are no good roads to ride the said cars on. Plus 40m? Where did she get the useless stats from. Same as the "we have reduced provety level by 50%" nonsensencial statement.

Why is Ngozi fooling herself? Can there be financial development without corresponding impact on the citizens? Find out the lie this woman with no heart is paid to promote. Even her family know her.

berem:
This woman too like big grammar. What the heck is she saying now? That nigerians are yet to have 40million new car owners or nigerians already have 40million new car owners?

its not your fault that you cannot comprehend the content of this article, you went to school when BUHARI was the president of naija..but not to worry you can attend one of the Adult institutions available now..

dlox147:
its not your fault that you cannot comprehend the content of this article, you went to school when BUHARI was the president of naija..but not to worry you can attend one of the Adult institutions available now..

ok

dlox147:
its not your fault that you cannot comprehend the content of this article, you went to school when BUHARI was the president of naija..but not to worry you can attend one of the Adult institutions available now..

When is the result of he next NOI poll going to be published?? I'd like to read the lies in one package rather than in bits and pieces.

PDP: Warehousing and retailing lies since Adam broke a rib.

fiverrwin:
Why is Ngozi fooling herself? Can there be financial development without corresponding impact on the citizens? Find out the lie this woman with no heart is paid to promote. Even her family know her.

maybe she's placing tricycles in the same league with cars.

is time to patronise innoson

omenka:
When is the result of he next NOI poll going to be published?? I'd like to read the lies in one package rather than in bits and pieces.

PDP: Warehousing and retailing lies since Adam broke a rib.

hahahahaha!! You can say that again!

Lies. Lies. Lies.

Okonjo-Iwealie and Yahoo-Yahoo statistics

112.5 million Nigerians live in poverty –NBS
http://www.punchng.com/business/business-economy/112-5-million-nigerians-live-in-poverty-nbs/



About 60 Million Nigerians in Poverty, U.K. Aid Ministry Says
http://mobile.businessweek.com/news/2014-09-29/about-60-million-nigerians-in-poverty-u-dot-k-dot-aid-ministry-says

Nigerians living in poverty rise to nearly 61%. www.bbc.com/news/world-africa-17015873

torkaka:
These kids be like, excuse me ma'am; where are you getting your stats from





signed:
[size=14pt]TEAM GOODLUCK JONATHAN 2015, FOR OTOUKE LOCAL GOVERNMENT CHAIRMAN.[/size]

all this people wey go scool during BUHARI tenure..abeg you no REGISTER ur 'CAR' when you buy am??!!! GEJ don improve the school system now abeg go enroll..seriously e go help you

CERTIFICATED LIAR! Mrs. Ngozi Okonjo EMBELLISHING and OBFUSCATING REPORTS since 419BC

Nctrice:
Too much Schooling in France makes you not to understand simple English!

[quote author=dlox147 post=27741755][/quote]
None of those roads was built by this administration.

enigmaotr:

None of those roads was built by this administration.

suit yourself.

Very soon they would say: 160 MILLION NIGERIANS CAN AFFORD GARRI. Smh

true talk, the average nigerians now on camry 2.1 and 2.2

Nctrice:
Too much Schooling in France makes you not to understand simple English!

Lol! how can I forget that I schooled in France?

torkaka:


. . . . . . .and this character here fancies he can school me . . . . . . .Dude, there is a difference between "40 million registered cars" and "40 million can afford a car" . . . . . . . .to break it down to you; if 5million people have 8 cars each (don't need to school you on how many cars the average thieving politician/public office holder has), you get your 40million . . . . . . . . .note that the 5million even reduces when you deduct the corporate/business owned cars, government registered etc.

who needs to enroll in school now homie



signed:
[size=14pt]TEAM GOODLUCK JONATHAN 2015, FOR OTUOKE LOCAL GOVERNMENT CHAIRMAN[/size]

trying so hard to sound intelligent.ok i'm impressed , but was the above your initial question?

going by your analogy if you have over 40 million names registered in the car licensing data base will that corroborate her stats or not?

This wowan is over-hyped.

Choi