BREAKING NEWS, Business
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KEMI Adeosun, minister of finance, on Wednesday announced a set of 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, she assured Nigerians that the current administration is doing everything possible to improve the nation’s Gross Domestic Product, GDP.
On the issue of FGN 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 debt.
“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 succour.
— Dec 5, 2016 @ 01:00 GMT
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