Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,104 members, 7,977,207 topics. Date: Wednesday, 16 October 2024 at 09:59 PM |
Nairaland Forum / Nairaland / General / Politics / ‘nigeria’s Most Resilient Economy In Africa’ (1084 Views)
100 Resilient Cities: Lagos Receives Certificate Of Admission (Photos) / Emefiele To Senate: Nigeria’s Economy In Deep Crisis / We’ll Build Resilient Nigerian Cities – President Buhari (2) (3) (4)
‘nigeria’s Most Resilient Economy In Africa’ by ifyan(m): 10:36am On Apr 21, 2015 |
BY AMECHI OGBONNA Despite facing criticisms and attacks for its policies over the past four years, the Federal Government, Thursday, said the transmission economic management apparatus to the incoming government next month would be smooth and seamless. The Finance Minister and Coordinating Minister for the Economy(CME), Dr. (Mrs.), Ngozi Okonjo-Iweala, who gave the assurance while speaking to African Banker magazine in Washington DC, the United States of America, stated that despite having the toughest opposition, the Jonathan administration has left a legacy of an economy with very strong fundamentals and would therefore want his successor to build and improve on the foundation already laid. “Opposition was very tough under President Jonathan but that is the beauty of democracy,” she stated. She, however, said the presence of a high powered economic team of APC at this year’s IMF/World Bank meeting in America ahead of the May 29 handover was an indication that it would take the country’s economic management functions very seriously. The Minister listed some of the legacies of the outgoing administration to include a deficit budget of less than 2 per cent of GDP, a single digit inflation that has been sustained for about two years, a growth rate of about 4.8 per cent, debt to GDP ratio of about 14 per cent and Sovereign Wealth Fund (SWF) that is rated second in the world on transparency. The CME further explained that despite the smallness of its portfolio, Nigeria’s SWF has continued to invest in infrastructure like roads, bridges and gas projects considered critical to the nation’s economic growth. She also described the establishment of the Mortgage Refinance Company of Nigeria (MRCN) that aims at making long term funds available to finance housing delivery to the country’s estimated 17 million population and the setting up of a development finance institution to meet the funding needs of the Small and Medium Enterprises (SMEs) considered the engine room of growth for the economy as clear indications that the outgoing government was deeply committed to leaving a legacy of strong and inclusive economic growth for Nigerians. Okonjo-Iweala further pointed out that government’s recognition that it’s growth trajectory was not adequately impacting the citizens through job creation, necessitated its decision to revolutionise agriculture, which, she said, created lots of jobs and boosted food supply value chain that has reduced the nation’s food import bill drastically, adding that other job creating initiatives were also adopted to achieve a more inclusive growth in the economy. On alleged asset sell off, the Minister said that while it was a globally accepted practice for countries to sell part of their assets to bring in significant assets to rebuild their fiscal buffers in times of crisis, Nigeria was yet to attain the level where such options could be considered given that her external reserves were still robust at between $29 and 30 billion. According to her, part of the major challenges that impacted negatively on the business of governance under President Jonathan was petroleum products’ theft and vandalism of pipelines, which also affected government’s revenue and savings. Source:http://nairausd..com/2015/04/nigerias-most-resilient-economy-in.html
|
Re: ‘nigeria’s Most Resilient Economy In Africa’ by mikolo80: 2:14pm On Apr 21, 2015 |
before nko abi she think say she go fit kill our economy stupidd ffucking puff puff head |
Re: ‘nigeria’s Most Resilient Economy In Africa’ by ifyan(m): 9:00pm On Apr 21, 2015 |
mikolo80: My bro funny you, abeg make una live the Woman na. You know. ... |
Re: ‘nigeria’s Most Resilient Economy In Africa’ by mikolo80: 10:11pm On Apr 21, 2015 |
ifyan:ah when she no leave me how i go leave am.you know how much borrowing she don supervise.?awolowo no do accaounting yet never borrowed money throughout civil war. Only goodbess know when we go comot for the gbese this woman do register us for |
Re: ‘nigeria’s Most Resilient Economy In Africa’ by ifyan(m): 9:18am On Apr 22, 2015 |
mikolo80: My bro she de disturb you. No vex wetin you get sef. All dis people y una no like our N50......p p....... Me l like am like dat. Remember she no de perfect. You know. .... |
Re: ‘nigeria’s Most Resilient Economy In Africa’ by mikolo80: 9:49am On Apr 22, 2015 |
ifyan: dude you don't seem to know how world bank dem wan enslave the whole world na why you de defend her like dis beoing not perfect is making a mistake doing it on purpose is being perfectly evil |
Re: ‘nigeria’s Most Resilient Economy In Africa’ by ifyan(m): 10:49am On Apr 22, 2015 |
mikolo80: My bro l understand WB & IMF wahala like you do . But myproblem is that l don't understand why she is always attack & attach to WB . My bro why is it that WB & IMF IS ALWAYS interfering in Africa especially NIGERIA this days. http://nairausd..com/2015/04/how-to-achieve-sustainable-growth-in.html http://nairausd..com/2015/04/imf-tasks-nigeria-on-fiscal-reforms.html
|
Re: ‘nigeria’s Most Resilient Economy In Africa’ by mikolo80: 10:52am On Apr 22, 2015 |
ifyan: 1. Oil 2. if nigeria rises so does the Africa if africa rises they(WB) lose about 600millio slaves and consumers thats lots of unemployment,lots of riots,full on depression so they don't joke about saotaging africa |
Re: ‘nigeria’s Most Resilient Economy In Africa’ by Nobody: 11:28am On Apr 22, 2015 |
astana1: Guy you sounded as if those are the only ministerial position in Nigeria. Why not check the list below and stop spreading falsehood. Professor Chinedu Nebo - Minister of power - Mohammed Wakil - Minister of State power Ngozi Okonjo Iweala - Minister of Finance Olusegun Aganga - Minister for Trade and Investment Mr Bashir Yuguda - Minister of state finance Deziani Alison-Madueke - Minister of petroleum resources Dr. Akinwunmi Ayo Adesina - Minister of Agriculture Hajia Asabe Asmau Ahmed - Minister of State Agriculture Bala Muhammed - Minister of FCT Mrs. Olajumoke - Minister of State for FCT Sanusi Dagash - Minister of works Mr. Adeyeye - Minister of State, Works. Dr. Abubakar Olanrewaju Sulaiman - Minister of National planning Mohammed Adoke - Attorney General and Minister of Justice Mr Osita Chidoka - Minister of Aviation Mr. Edem Duke - Minister of culture and tourism; Mallam Ibrahim Shekarau - Minister of education Lawrencia Laraba Mallam - Minister of environment Ambassador Aminu Wali - Minister of Foreign affairs Prof. (Mrs) Viola Onwuliri - Minister of state Foreign affairs. Professor Onyebuchi Chukwu - Minister of Health Dr. Khaliru Alhassan - Minister of state Health Labaran Maku - Minister of information and communications Comrade Abba Moro - Minister of Interior Chukwuemeka Wogu - Minister of Labour and productivity Arc. Mohammed Musa Sada - Minister of mines and steel development Dr Stephen Orise Oru - Minister of Niger Delta Mr. Darius Dickson Ishaku - Minister of State Niger Delta Gen. Aliyu Gusau - Minister of Defence Senator Musiliu Obanikoro -Minister of State Defence Alhaji Abduljelili Adesiyan - Minister of Police Affairs Mr. Bulama - Minister of Science and Technology Senator Idris A.Umar - Minister of Transport Boni Haruna - Minister of Youth Development Hajia Zainab Maina - Minister Of Women Affairs Dr. Tamuno Danagogo - Minister of sport and chairman national sport commission Mrs. Akon Eyakenyi - Land, Housing and Urban Development Kabiru Turaki - Minister of Special Duties Read more: http://www..com/ng/presidency-judiciary-legislative-and-policies/3547-list-of-current-nigerias-ministers.html#ixzz3Y1ni0RWE |
Re: ‘nigeria’s Most Resilient Economy In Africa’ by ifyan(m): 12:17pm On Apr 23, 2015 |
The Federal Government has appealed to fuel marketers to make the product available to Nigerians. Minister of Petroleum Resources, Diezani Alison-Madueke, made the appeal on Wednesday while speaking to State House correspondents after the weekly Federal Executive Council (FEC) meeting. Diezani said since the country was in transition period, marketers were hoarding fuel for various reasons. According to her, there is no reason for fuel scarcity as the nation's reserves are enough to keep the country wet with products throughout this period. She added that the government had worked hard to build the system and it did not want it distracted these days. "This (fuel scarcity) is very unfortunate, and you know that product supply and distribution has been one of the high points of this administration when we came in. We've kept queues to the barest minimum. We've moved away from the challenges of the past and ensured through our various flexible product, arrangements that'll keep Nigeria wet with fuel supply. "Unfortunately, we're coming through a transition. Whenever certain things are happening, intruders will hijack the process and certain amount of hoarding takes place for various reasons. This is what we're experiencing and there is no reason for this because our reserves are enough to keep the country wet with products throughout this period. I'll plead with marketers to please make the fuel available. PMS is available, make it available to Nigerians. We've worked so hard to build the system and we don't want it distracted in these later days", Diezani said. Source:http://nairausd..com/2015/04/diezani-to-marketers-make-fuel.html |
(1) (Reply)
APC Warns Against Last-minute Looting Of The Nation's Treasury, Hurried Recruitm / The Many Battles Of Mama Peace, Patience Jonathan / Tributes To President Umaru Musa Ya'adua: 5th Year Remembrance
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 37 |