Kingsley Kanayo

The federal government has indicated that 2016 will be a tough and difficult year for the country. Minister of Finance, Kemi Adeosun, gave the indication at the opening of the 7th Annual Bankers Committee retreat yesterday in Lagos, noting that Nigeria was faced with some fairly significant micro-economic challenges that required some fiscal house-keeping.

“It is going to be tough and we are going to have to make extremely tough decision. We have got the resilience and space to do that,” she said.

Adeosun noted that the country fortunately has some head-room, as the debt to GDP ratio is at 12 percent and that gives some space to run a deficit budget with the specific objective of stimulating the economy.

“To do so, we need to do some fiscal housekeeping. We have to control the significant challenge we have around recurrent. If you look at recurrent at a percentage of our total budget with the just approved supplementary budget, it is about 90 percent. If we continue in that trajectory, every penny we borrow will go into recurrent,” she said.

Read more: http://www.signalng.com/2016-will-be-tough-for-nigeria-finance-minister-adeosun-prophesies/

[size=14pt]Aunty kemi shut up! na Amosun u think say you de work for? Better talk well and do well [/size]

not for me and my household.

jaymejate:
[size=14pt]Aunty kemi shut up! na Amosun u think say you de work for? Better talk well and do well [/size]

jaymejate shut up and brace yourself for 2016

Last Days prophetess of doom

chris4gold:
not for me and my household.

Typical 9ja mentality. I like hope too, heck i said same after reading the headline

cluelessness

Imagine the sufferings we are experiencing now and we are being told that we are on suffering probation

jaymejate:
[size=14pt]Aunty kemi shut up! na Amosun u think say you de work for? Better talk well and do well [/size]

did you vote for Change?

PROVACATEUR:
did you vote for Change?

[size=15pt]Nope, buh me i vote and collect change [/size]

jaymejate:


[size=15pt]Nope, buh me i vote and collect change [/size]

then you are Saved

You better fix it and stop prophesying rubbish....better still resign if you can't do the job...
Soludo be like, please resign Kemi, I need a job badly

Same thing NOI said Dec 2014, and we are here strong, better than last year.
She has said hers too according to her knowledge and what is happening in the world. But I am certain that 2016 is going to be super excellent for me.

end time minister!!!

end time foreseer!!!


end time administration!!!

were are presently on changi,by next year we will enter dole!!!

2016 shall be very sweet and prosperous for me and my entire family in Jesus name, amen.

These people should give us small ray of hope. Abeg!

We already know.
Because our EXPATRIATE president has decided to unleash mayhem on us.

U think it's easy to bear the name MINISTER FOR FINANCE not to talk of the name "COORDINATING MINISTER of the ECONOMY"

Anyway, I will be praying for you as well, just like the way am praying for PMB.

BECAUSE IF u succeed, I believe we will smile

Osun state open your ears and hear what kemi adeosun is saying,we don't want you people to expect nigerians to give the whole oil money and bags of rice to you next year.AREGBE i hope am communicating?

we will soon go on a borrowing spree like ogun state where this woman come from

How can a finance minister be making fiancial prophesies when he's in position to make changes?...if he can't get the job done resign pls,lets find someone else who can

Vicadonis:
You better fix it and stop prophesying rubbish....better still resign if you can't do the job...
Soludo be like, please resign Kemi, I need a job badly

well said