The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the country is not broke despite the cash crunch currently being experienced.

She said that with the financial assets the President Goodluck Jonathan administration had been able to build over the years, the nation’s cash flow would improve over time.

In an interview with CNN’s Richard Quest, Okonjo-Iweala said, “Under this administration, we began the work of truly diversifying the economy and the proof of that is that much of the growth in this past few years that has come to the country has come not from the oil sector but actually from non-oil sectors like agriculture, telecommunications, manufacturing and the creative industries.

“The fact that oil prices fell by 50 per cent makes it very difficult in terms of cash flow, but Nigeria is asset rich and that is why when people say the country is broke, I say no. In economic terms, with the kind of assets we have, we should be able to realise some of them to improve our cash flow but it is true that this will be a very difficult year because of the cash crunch.

“However, we need to see this drop in oil prices as an opportunity. I gave a talk on Nigeria beyond oil. I really think with the growth of the country based on non-oil sectors, we ought to see the fall in oil prices as an opportunity to further the diversification that has started under this administration.”


http://www.punchng.com/business/business-economy/nigeria-is-not-broke-okonjo-iweala-2/

up till now?

modified:
maybe someone with better knowledge of economics will come and explain to us what this minister means...for me who's always in the mkt, I sincerely don't feel the presence of money in d system and I also know crude oil value has been all time low for weeks now. so like I said, someone should help me and my likes.

...lest I forget, on a Friday morning, what else can be more exciting than making the front page and also hitting jackpot wit FTC..... well I know it's no big deal, after all many have and will continue to attain similar feat, but guys. .......I dey feel myself die!!!

Very funny woman. People are complaining bitterly and dis one is busy saying in economic terms...
Let us see positive direct impacts of all these economics on people's lives not telling us textbook stories.

Buhari, please do the needful....

End game things...

. Just wait behind after MAY 29 to clarify thing beta

eleko1:
. Just wait behind after MAY 29 to clarify thing beta

Hahahahahaha...she will disappear before you know...

this woman is just using English to confuse some gullible minds




we all knew how they have nearly ruin the economy of this nation

But is this woman serious?

yea

It will soon be. The clueless Buhari will be busy fighting corruption to realise that there's a need to increase our revenue from non-oil sources.

Shoro niyen




Pls vote for this cute little prince charming through this link.thanks for your love always .thank you. https://apps.agorapulse.com/contest/50092/entry/674203?fb_action_ids=10206424142504988&fb_action_types=og.shares&fb_source=other_multiline&action_object_map=%5B1098001666893768%5D&action_type_map=%5B%22og.shares%22%5D&action_ref_map=%5B%5D

Hmm...yes she is hiding the money in her big cheeks and tummy.

It will give me great joy and pleasure to see the two female paracites (ngozi and madueke) rot in jail under buhari's administration.

They joined. hands with the clueless one to destroy Nigeria and suck her dry.

All we want is a little retribution

Someone must pay for this economic mess we are in.

#retribution
#saibuhari
#killcorruption

Madam Economy we are already tired of your paper theories. I hope yiu have prepared your handover note?



Can't wait for May 29th.

Ok

of cos we konw




My signature is NEXT

Is this not the same woman shouting Nigeria is broke?

With All this her abracadabra economics,there's God.

I go vex if Buha no comot dis woman oooO
Overrated.

Ofcourse she is not.......... You gat two portfolios under uncle jonah, I guez dats double pay too


Btw I'm missing da point ........ @topic!!

Al d same madam you are right - nigeria ain't broke , its we nigerians dats broke...#smh


We've sai baba now we wanna xperience BABA

Better put, me Ngozi's pocket is not broke

We are rich in all things!but I think this madam is only excellent theoretically,let her go and start a finance school please!

This woman should stop feeding Nigerians with lies.... Like if u agree!

Ehn

EVEN ASSOCIATION OF BLACK ANT KNWS BUT DIARIS GOD

[size=18pt]OK madam! we Don hear[/size]

After you've embezzled our money u still av the guts to spits nonsense..if we are not broke then explain to us in full details our financial status in this country?
Mshew
I just don't like dis woman