Ngozi Okonjo-Iweala in an interview with CNN, said this will be a difficult year for Nigeria financially because of the cash crunch we are experiencing. The Minister of Finance and Coordinating Minister for the economy then said with the financial assets the current administration of Goodluck Jonathan has been able to build over the years, our cash flow will improve over time. “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, the creative industries. The fact that oil prices fell by 50% 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 realize 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” Mrs Ngozi said
I am a metro reporter on Gistmania, I have been publishing news materials for over 5 years
Posted: at 16-04-2015 04:43 PM (9 years ago) | Hero
aso4life1 at 16-04-2015 08:27 PM (9 years ago) (m)
Jail dey smell for your head, that our money wey go take buy gold for Egypt, make you return am o cos I see you with my KORO KORO eyes when I visited Egypt. Egyptian dey tell you say na my sister be that o, you bounced me like say you no know naija person if you see am. All our money na im you don use buy properties in foreign countries. Na God go punish you, if Buhari no carry you, God go punish you. Na we bring Buhari to power, we fit remove am too if he phyuk up.. Very soon young age go become our President. New FACE is coming. Remember.
if u attack my papa house, I'll retaliate but if you are peace loving,I will embrace you
Posted: at 16-04-2015 08:27 PM (9 years ago) | Hero
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