The Federal Government on Wednesday announced more austerity measures aimed at cushioning the impact of the drop in oil prices on the economy in a bid to generate additional revenues to fund the 2015 budget.

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, made the announcement during a public presentation of the 2015 budget held at the headquarters of the Ministry of Finance in Abuja.

She explained that the measures would be implemented from the beginning of the second quarter of 2015 and would considerably boost the ratio of non-oil revenues to oil revenues.

More details here http://www.punchng.com/business/business-economy/2015-budget-fg-unveils-more-austerity-measures/

This is one reason I won't allow this administration to continue beyond Febuary 2015. More Austerity measures as if we never suffer reach.

Hmmm

Hope slashing down of their salaries were included.

jacabi:
Hope slashing down of their salaries were included.

Okonji is too SMART to do that.

In most oil producing states there has been shortfall in revenue that accrue to the government. Austerity measure are belt tightening mechanism to deal with the effect of oil price fall. We are with you on this jona