Nigeria not broke, says Okonjo-Iweala

Posted by News Express | 22 October 2014 | 2,646 times

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The Minister of Finance, Dr Ngozi Okonjo-Iweala, says Nigeria is not broke.

Okonjo-Iweala, who was responding to questions from journalists yesterday in Abuja, said that despite the pockets of economic challenges confronting the nation, it has achieved macro economic stability.

Top government officials and heads of parastatals of the Ministry of Finance were at the news conference on the ministry’s performance in 2014.

Okonjo-Iweala listed key achievements of the government in terms of job creation, foreign and local debt sustainability, as well as budget implementation.

All of these, she said, have contributed to the nation’s macro economic stability than its perceived state of being broke.

Okonjo-Iweala also highlighted efforts by the government to finance the real sectors to improve the lives of the ordinary Nigerians.

She announced that N2.4 trillion has been allocated for the development of the real sector.

Okonjo-Iweala identified building social safety nets, creating more job creation and addressing issues of infrastructural challenge as some of the areas the Federal Government hopes to prioritise in the days ahead. She pointed out that this would be beneficial to the ordinary Nigerian.

•Based on a Channels TV report. Photo shows Okonjo-Iweala.

Source: News Express

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