BY AMECHI OGBONNA

Despite facing criticisms and attacks for its policies over the past four years, the Federal Government, Thursday, said the transmission economic management apparatus to the incoming government next month would be smooth and seamless.


The Finance Minister and Coordinating Minister for the Economy(CME), Dr. (Mrs.), Ngozi Okonjo-Iweala, who gave the assurance while speaking to African Banker magazine in Washington DC, the United States of America, stated that despite having the toughest opposition, the Jonathan administration has left a legacy of an economy with very strong fundamentals and would therefore want his successor to build and improve on the foundation already laid.

“Opposition was very tough under President Jonathan but that is the beauty of democracy,” she stated.

She, however, said the presence of a high powered economic team of APC at this year’s IMF/World Bank meeting in America ahead of the May 29 handover was an indication that it would take the country’s economic management functions very seriously.

The Minister listed some of the legacies of the outgoing administration to include a deficit budget of less than 2 per cent of GDP, a single digit inflation that has been sustained for about two years, a growth rate of about 4.8 per cent, debt to GDP ratio of about 14 per cent and Sovereign Wealth Fund (SWF) that is rated second in the world on transparency.

The CME further explained that despite the smallness of its portfolio, Nigeria’s SWF has continued to invest in infrastructure like roads, bridges and gas projects considered critical to the nation’s economic growth.

She also described the establishment of the Mortgage Refinance Company of Nigeria (MRCN) that aims at making long term funds available to finance housing delivery to the country’s estimated 17 million population and the setting up of a development finance institution to meet the funding needs of the Small and Medium Enterprises (SMEs) considered the engine room of growth for the economy as clear indications that the outgoing government was deeply committed to leaving a legacy of strong and inclusive economic growth for Nigerians.

Okonjo-Iweala further pointed out that government’s recognition that it’s growth trajectory was not adequately impacting the citizens through job creation, necessitated its decision to revolutionise agriculture, which, she said, created lots of jobs and boosted food supply value chain that has reduced the nation’s food import bill drastically, adding that other job creating initiatives were also adopted to achieve a more inclusive growth in the economy.

On alleged asset sell off, the Minister said that while it was a globally accepted practice for countries to sell part of their assets to bring in significant assets to rebuild their fiscal buffers in times of crisis, Nigeria was yet to attain the level where such options could be considered given that her external reserves were still robust at between $29 and 30 billion.

According to her, part of the major challenges that impacted negatively on the business of governance under President Jonathan was petroleum products’ theft and vandalism of pipelines, which also affected government’s revenue and savings.

Source:http://nairausd..com/2015/04/nigerias-most-resilient-economy-in.html

before nko abi she think say she go fit kill our economy
stupidd ffucking puff puff head

mikolo80:
before nko abi she think say she go fit kill our economy
stupidd ffucking puff puff head

My bro funny you, abeg make una live the Woman na.

You know. ...

ifyan:


My bro funny you, abeg make una live the Woman na.

You know. ...

ah when she no leave me how i go leave am.you know how much borrowing she don supervise.?awolowo no do accaounting yet never borrowed money throughout civil war. Only goodbess know when we go comot for the gbese this woman do register us for

mikolo80:
ah when she no leave me how i go leave am.you know how much borrowing she don supervise.?awolowo no do accaounting yet never borrowed money throughout civil war. Only goodbess know when we go comot for the gbese this woman do register us for

My bro she de disturb you.

No vex wetin you get sef. All dis people y una no like our
N50......p p....... Me l like am like dat. Remember she no de perfect.

You know. ....

ifyan:


My bro she de disturb you.

No vex wetin you get sef. All dis people y una no like our
N50......p p....... Me l like am like dat. Remember she no de perfect.

You know. ....

dude you don't seem to know how world bank dem wan enslave the whole world
na why you de defend her like dis
beoing not perfect is making a mistake
doing it on purpose is being perfectly evil

mikolo80:


dude you don't seem to know how world bank dem wan enslave the whole world
na why you de defend her like dis
beoing not perfect is making a mistake
doing it on purpose is being perfectly evil

My bro l understand WB & IMF wahala like you do .

But myproblem is that l don't understand why she is always attack & attach to WB .

My bro why is it that WB & IMF IS ALWAYS interfering in Africa especially NIGERIA this days.

http://nairausd..com/2015/04/how-to-achieve-sustainable-growth-in.html

http://nairausd..com/2015/04/imf-tasks-nigeria-on-fiscal-reforms.html

ifyan:


My bro l understand WB & IMF wahala like you do .

But myproblem is that l don't understand why she is always attack & attach to WB .

My bro why is it that WB & IMF IS ALWAYS interfering in Africa especially NIGERIA this days.

http://nairausd..com/2015/04/how-to-achieve-sustainable-growth-in.html

http://nairausd..com/2015/04/imf-tasks-nigeria-on-fiscal-reforms.html

1. Oil

2. if nigeria rises so does the Africa
if africa rises they(WB) lose about 600millio slaves and consumers
thats lots of unemployment,lots of riots,full on depression
so they don't joke about saotaging africa

astana1:
[GEJ administration marginalized AND SACKED PEOPLE TO SET OUT HIS TRIBALISTIC AGENDA

JONATHAN HAD XENOPHOBIA OF EVERYBODY THAT WAS NOT FROM SE/SS

Igbo man Ike Nkeremandu, Deputy Senate President

Igbo man Emeka Ihedioha, Deputy Speaker

(Imagine that in a country with 6 geopolitical zones, one occupies the two of the 4 major National Assemby leadership positions!!)

Igbo man Pius Ayim, Secretary to the Federal Government

igbo man Godwin Emefiele is the governor of the central bank of Nigeria

Igbo woman, Finance Minister and Co-ordinating Minister for the Economy

Igbo woman petroluem Minister

Igbo man Nebo, Power Minister

Igbo man Minister of aviation

Printing and Minting - Igbo

HEAD OF DSS -Igbo

MINISTER OF Health - Igbo

Jonathan removed other tribes from head of parastatals and put Igbos there but that would be addressed now. Bureau of statistics was filled up with Igbos.

Even the Hausas/Fulanis in military have never done this above show of shame and pure tribalism. And Igbos were quiet all through that adminisTRATION

HAD THIS BEEN DONE BY ANY OTHER TRIBE, THE IGBO'S WILL BE CRYING MARGINALIZATION cos others were marginalised.

Guy you sounded as if those are the only ministerial position in Nigeria. Why not check the list below and stop spreading falsehood.

Professor Chinedu Nebo - Minister of power -

Mohammed Wakil - Minister of State power

Ngozi Okonjo Iweala - Minister of Finance

Olusegun Aganga - Minister for Trade and Investment

Mr Bashir Yuguda - Minister of state finance

Deziani Alison-Madueke - Minister of petroleum resources

Dr. Akinwunmi Ayo Adesina - Minister of Agriculture

Hajia Asabe Asmau Ahmed - Minister of State Agriculture

Bala Muhammed - Minister of FCT

Mrs. Olajumoke - Minister of State for FCT

Sanusi Dagash - Minister of works

Mr. Adeyeye - Minister of State, Works.

Dr. Abubakar Olanrewaju Sulaiman - Minister of National planning

Mohammed Adoke - Attorney General and Minister of Justice

Mr Osita Chidoka - Minister of Aviation

Mr. Edem Duke - Minister of culture and tourism;

Mallam Ibrahim Shekarau - Minister of education

Lawrencia Laraba Mallam - Minister of environment

Ambassador Aminu Wali - Minister of Foreign affairs

Prof. (Mrs) Viola Onwuliri - Minister of state Foreign affairs.

Professor Onyebuchi Chukwu - Minister of Health

Dr. Khaliru Alhassan - Minister of state Health

Labaran Maku - Minister of information and communications

Comrade Abba Moro - Minister of Interior

Chukwuemeka Wogu - Minister of Labour and productivity

Arc. Mohammed Musa Sada - Minister of mines and steel development

Dr Stephen Orise Oru - Minister of Niger Delta

Mr. Darius Dickson Ishaku - Minister of State Niger Delta

Gen. Aliyu Gusau - Minister of Defence

Senator Musiliu Obanikoro -Minister of State Defence

Alhaji Abduljelili Adesiyan - Minister of Police Affairs

Mr. Bulama - Minister of Science and Technology

Senator Idris A.Umar - Minister of Transport

Boni Haruna - Minister of Youth Development

Hajia Zainab Maina - Minister Of Women Affairs

Dr. Tamuno Danagogo - Minister of sport and chairman national sport commission

Mrs. Akon Eyakenyi - Land, Housing and Urban Development

Kabiru Turaki - Minister of Special Duties


Read more: http://www..com/ng/presidency-judiciary-legislative-and-policies/3547-list-of-current-nigerias-ministers.html#ixzz3Y1ni0RWE

The Federal Government has appealed to fuel marketers to make the product available to Nigerians.


Minister of Petroleum Resources, Diezani Alison-Madueke, made the appeal on Wednesday while speaking to State House correspondents after the weekly Federal Executive Council (FEC) meeting.
Diezani said since the country was in transition period, marketers were hoarding fuel for various reasons.

According to her, there is no reason for fuel scarcity as the nation's reserves are enough to keep the country wet with products throughout this period.

She added that the government had worked hard to build the system and it did not want it distracted these days.

"This (fuel scarcity) is very unfortunate, and you know that product supply and distribution has been one of the high points of this administration when we came in. We've kept queues to the barest minimum. We've moved away from the challenges of the past and ensured through our various flexible product, arrangements that'll keep Nigeria wet with fuel supply.

"Unfortunately, we're coming through a transition. Whenever certain things are happening, intruders will hijack the process and certain amount of hoarding takes place for various reasons.

This is what we're experiencing and there is no reason for this because our reserves are enough to keep the country wet with products throughout this period. I'll plead with marketers to please make the fuel available.

PMS is available, make it available to Nigerians. We've worked so hard to build the system and we don't want it distracted in these later days", Diezani said.

Source:http://nairausd..com/2015/04/diezani-to-marketers-make-fuel.html