KEMI ADEOSUN SAY NO IMF LOAN FOR NIGERIA By Salisu Na’inna Dambatta
On April 15, shortly after midday in the cosy Jack Morton Auditorium of the George Washington University, Washington DC, United States of America, Nigeria’s Minister of Finance, Mrs. Kemi Adeosun said that Nigeria was not considering taking loans from the International Monetary Fund (IMF) to finance the 2016 budget deficit and cushion the effect of the country’s dwindling income from oil.
COST CUTTING: FG PEGS BOARD MEETINGS, TO SAVE N1 BILLION ANNUALLY
In continuation of its cost-cutting drive, the Federal Government has pegged the frequency of meetings of part-time Chairmen and members Committees, Boards of Statutory Corporations and Government-owned companies from eight to four times annually, with savings of over N1 billion per annum, a statement from the Efficiency Unit of the Federal Ministry of Finance indicates.
EXECUTIVE SUMMARY OF THE PRESENTATION MADE TO CAPTAINS OF INDUSTRY AND OTHER STAKEHOLDERS ON 9TH APRIL 2016 BY THE HONOURABLE MINISTER OF FINANCE OF THE FEDERAL GOVERNMENT OF NIGERIA,
As we are all aware, we have inherited a set of conditions that requires us to refine how we collectively work towards ushering in a new era in Nigeria. In the past, we had the means but not the will. Now we have the will but we no longer have the money to invest. The safety blanket of oil has been ripped away, laying the poverty of Nigeria’s institutions bare.
ADEOSUN SETS OUT PLAN TO RESET NIGERIA’S ECONOMY
At a special event hosted by the Lagos Business School, Nigeria’s Finance Minister, Kemi Adeosun, set out the government’s plan to reset Nigeria’s economy with structured borrowing, targeted investment and diversified growth.