Finance Minister unfolds FGâ€™s plans to end economic recession

News Express |24th Nov 2016 | 2,343

The Minister of Finance, Mrs. Kemi Adeosun,on Wednesdayannounced a set of robust plans by the Federal Government to get Nigeria out of the present economic challenges. Responding to questions on the state of the economy at the monthly Federation Account Allocation Committee (FAAC) meeting in Abuja, the Minister assured Nigerians that the current administration is

doing everything possible to improve the nation’s Gross Domestic Product (GDP).

On the issue of federal government debt, the Minister explained that the current administration discovered debt from the previous administration in various sectors; which the Federal Government has now put under management. She added that significant work has been done by this administration to commence payment of these debts.

“We are working in conjunction with the Central Bank and we have already consulted the National Assembly on what we are doing to solve the problem,” she said.

According to her, issues like cash calls, contractor debts, among others, have been discussed within the administration and solutions implemented already.

She explained that the National Assembly is being carried along on what the administration proposes to do. She expressed the confidence that the Federal Government’s fiscal roadmap will boost the revenue and the nation’s GDP.

She however, warned that there is no short cut to recovery. She said government is bent on investing in infrastructure in order to be able to create jobs that will provide succor.

•Photo showsKemi Adeosun.

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