Browsing: Okonjo-Iweala

Recently, Bill Gates looked at Nigeria’s development plan and passed a vote of no confidence in its ability to lift the country out of poverty and ensure economic prosperity for the vast majority of Nigerians. In his address to the expanded National Economic Council, the former world’s richest man pointed out critical areas in need of improvement in Nigeria’s development plan. He said: “The Nigerian government’s economic recovery and growth plan identify investing in our people as one of three strategic objectives. But the execution priorities don’t fully reflect people’s needs, prioritising physical capital over human capital. People without roads, ports, and factories can’t flourish. And roads, ports and factories without skilled workers to build and manage them can’t sustain an economy.”

She stated that it is an abuse of public office, the judicial process and her human rights for Oshiomhole, whom she said she stopped from taking a highly suspicious N15 billion loan, to make false allegations against her while hiding behind the constitutional immunity granted state governors

Okonjo-Iweala, who spoke sequel to a report that she was set to open a multi-million dollar hospital project with her family in Abuja, said those who allegedly engineered the story were the ones she refused to share the country’s money with while she was in office

Flagging off the relief distribution in Kuje, a satellite town in the FCT, the Minister of FINANCE, Dr. Ngozi Okonjo-Iweala, affirmed the commitment of President Goodluck Jonathan to support the displaced persons while expediting efforts towards the restoration of security in their communities to enable them return home soonest

Austerity measures are strict channels that are undertaken by a government to help bring expenditures more in line with revenues. It is usually official actions taken by the government, during a period of adverse economic conditions, to reduce budget deficit using a combination of spending cuts or tax rises. In this vein, the Nigerian government has decided to be prudent in its spending while also mandating tax agencies to rake in more revenues in order to endure this period of lowering crude oil prices in the international market