We’ve Already Started Moving Out Of Recession – Finance Minister
source: http://www.eyesoflagos.com/2017/05/weve-already-started-moving-out-of.html


We’ve Already Started Moving Out Of Recession – Finance Minister
EYES OF LAGOS TV 11:46 PM POLITICS



The minister of finance, Mrs Kemi Adeosun, yesterday said the nation’s economy has started moving out recession as President Muhammadu Buhari’s- led administration was bringing a lot of efficiency into government spending and infrastructure.
Speaking during a flagship programme of Covenant Christian Centre in Lagos, the minister said the government in the short- term has to borrow and invest in infrastructure rather than wait for the global oil prices to recover.
According to her, the country in the past has little to show for all the oil revenues of boom years and questioned the past administrations on roads, power plants, and infrastructures constructed.
She said when global oil prices were $110, the federal government was borrowing to pay salaries but today, “Our borrowing is to invest infrastructure.
“Today we’re trying to do a lot more with lot less. That’s the summary of our agenda.If we’d invested our oil boom in the things that matters- road, rail, power- we wouldn’t be where we are today.”
She noted that the Development Bank of Nigeria(DBN) has taken off, to support small and medium scale enterprises (SMEs) and federal government has reviewed and repositioned the YouWiN!Connect Enterprise Programme.
The minster explained that government was blocking leakages in Customs revenue collection with huge investment in scanners, and in a long overdue Single Window system.
Adeosun said the Federal Inland Revenue Service (FIRS) has identified more than 800,000 companies currently not paying taxes across the country
She said the country’s Tax-to Gross Domestic Product (GDP) ratio was among the lowest in the world.
“Nigeria’s tax-to- GDP ratio is six per cent, one of the lowest in the world Only 214 people paying tax greater than N20million. We are working to change that.”
The minister commended President Buhari and his vice president, Yemi Osinbajo for their commitment in bringing lasting change to the masses.

Its true

We are hoping so because MTN just sacked 280 while Etisalat asked 200 staffs to tender their resignation yesterday.

Cost of commodities is still very high in market

We want a situation when Nigeria is completely out of recession, the average masses will feel the effect not just the rich alone.

I remember when our economy was on auto pilot due to high price in oil under the Ineffectual buffoon era, people were suffering but under the current clueless bubu, the suffering is more.

Make una try get compassion on we Nigerians.

Kemi should keep quiet.. When did she last go to the market to buy foodstuffs by herself.. Mchew

dingbang:
Kemi should keep quiet.. When did she last go to the market to buy foodstuffs by herself.. Mchew

Mr man , blame your hero and your sister ngozi

sarrki:




Mr man , blame your hero and your sister ngozi

Sarki no annoy me dis morning..

She wan use propaganda comot from recession.

codedguy1:
She wan use propaganda comot from recession.

correct

phosky:

We’ve Already Started Moving Out Of Recession – Finance Minister
source: http://www.eyesoflagos.com/2017/05/weve-already-started-moving-out-of.html


We’ve Already Started Moving Out Of Recession – Finance Minister
EYES OF LAGOS TV 11:46 PM POLITICS



The minister of finance, Mrs Kemi Adeosun, yesterday said the nation’s economy has started moving out recession as President Muhammadu Buhari’s- led administration was bringing a lot of efficiency into government spending and infrastructure.
Speaking during a flagship programme of Covenant Christian Centre in Lagos, the minister said the government in the short- term has to borrow and invest in infrastructure rather than wait for the global oil prices to recover.
According to her, the country in the past has little to show for all the oil revenues of boom years and questioned the past administrations on roads, power plants, and infrastructures constructed.
She said when global oil prices were $110, the federal government was borrowing to pay salaries but today, “Our borrowing is to invest infrastructure.
“Today we’re trying to do a lot more with lot less. That’s the summary of our agenda.If we’d invested our oil boom in the things that matters- road, rail, power- we wouldn’t be where we are today.”
She noted that the Development Bank of Nigeria(DBN) has taken off, to support small and medium scale enterprises (SMEs) and federal government has reviewed and repositioned the YouWiN!Connect Enterprise Programme.
The minster explained that government was blocking leakages in Customs revenue collection with huge investment in scanners, and in a long overdue Single Window system.
Adeosun said the Federal Inland Revenue Service (FIRS) has identified more than 800,000 companies currently not paying taxes across the country
She said the country’s Tax-to Gross Domestic Product (GDP) ratio was among the lowest in the world.
“Nigeria’s tax-to- GDP ratio is six per cent, one of the lowest in the world Only 214 people paying tax greater than N20million. We are working to change that.”
The minister commended President Buhari and his vice president, Yemi Osinbajo for their commitment in bringing lasting change to the masses.

No work yet Madam. No cheap loans to revive ailing Industries or set up new enterprises. Pensions have not been paid and your CBN continues to bastardized our sovereign Naira to favour Dollars and their pockets.

this people should just tell us the truth for once without lies