The Next Finance Minister Will Face A Difficult Year – Okonjo-Iweala

Date: 06-06-2015 7:47 am (6 years ago) | Author: Mister Jay Wonder
- at 6-06-2015 07:47 AM (6 years ago)
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Former Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said her successor will face a “difficult” year because of plunging oil revenues. She therefore stressed that the economy needs expert management to come out fine.

“We have a serious situation with a cash crunch,” she told Bloomberg in an interview in Cape Town, South Africa at the World Economic Forum on Africa. “But fundamentally, the economy is strong. If we can get through the cash crunch, manage the way through, build on some of the assets we have, by next year, things will be better.”

Fall in global oil prices have put Nigeria in a bad financial position with authorities forced to cut spending and states relying solely on allocation from the federal government owing workers salaries for months. The government relies on oil for about 75 percent of its income.

Okonjo-Iweala said the next finance minister must focus on “a strong policy, the fiscal consolidation path that we have and looking toward diversification of revenue resources”.

Like several other Nigerians, the former minister says she is waiting for the new finance minister to be named.

Now out of a job after her tenure as minister ended, Okonjo-Iweala said she plans to take a break until August and will then consider her career options.



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Posted: at 6-06-2015 07:47 AM (6 years ago) | Addicted Hero
- joromy at 6-06-2015 08:02 AM (6 years ago)
(m)
BECAUSE YOU HAVE LOOTED EVERYTHING THAT BELONG TO OUR LOVELY COUNTRY NIGERIA. SHAMELESS WOMAN
Posted: at 6-06-2015 08:02 AM (6 years ago) | Upcoming
Reply
- dollypiper at 6-06-2015 08:09 AM (6 years ago)
(f)
Ole
Posted: at 6-06-2015 08:09 AM (6 years ago) | Gistmaniac
Reply
- lakman at 6-06-2015 08:11 AM (6 years ago)
(m)
Apc and their leader where asking Jonathan for a clues on how to run the country, and those help about clues on how to run the country is coming now, I hope they make use of this advice.
Posted: at 6-06-2015 08:11 AM (6 years ago) | Upcoming
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- sandra78 at 6-06-2015 08:36 AM (6 years ago)
(f)
Quote from: joromy on  6-06-2015 08:02 AM
BECAUSE YOU HAVE LOOTED EVERYTHING THAT BELONG TO OUR LOVELY COUNTRY NIGERIA. SHAMELESS WOMAN

What do you have ?  and what is that thing that belongs to you ?
Posted: at 6-06-2015 08:36 AM (6 years ago) | Gistmaniac
Reply
- joromy at 6-06-2015 08:48 AM (6 years ago)
(m)
Quote from: sandra78 on  6-06-2015 08:36 AM
What do you have ?  and what is that thing that belongs to you ?
STUPID SANDRA IS JUST BECAUSE YOU ARE A PROSTITUDE AND BUSH ANIMAL THAT IS WHY YOU DON'T KNOWN WHAT BELONG TO NIGERIA.
Posted: at 6-06-2015 08:48 AM (6 years ago) | Upcoming
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- echeeche at 6-06-2015 08:59 AM (6 years ago)
(m)
This woman
Posted: at 6-06-2015 08:59 AM (6 years ago) | Hero
Reply
- OOSSYY at 6-06-2015 10:00 AM (6 years ago)
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SHAMELESS WOMAN, CORRUPT OLD GIRL
Posted: at 6-06-2015 10:00 AM (6 years ago) | Upcoming
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- freethinker at 6-06-2015 10:03 AM (6 years ago)
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NIGERIANS DONT HAVE VALUE WHAT THEY HAVE UNTILL THEY LOSE IT
NGOZI IS STILL THE BEST
Posted: at 6-06-2015 10:03 AM (6 years ago) | Gistmaniac
Reply
- christianity at 6-06-2015 12:27 PM (6 years ago)
(m)
no be today
Posted: at 6-06-2015 12:27 PM (6 years ago) | Gistmaniac
Reply
- winace at 6-06-2015 01:08 PM (6 years ago)
(f)
Hmmmmmm
Posted: at 6-06-2015 01:08 PM (6 years ago) | Addicted Hero
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- italianjob at 6-06-2015 01:26 PM (6 years ago)
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Click to her advice or plunge the country into a big financial mess, don't argue her.
Posted: at 6-06-2015 01:26 PM (6 years ago) | Upcoming
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- Oyinminijoor at 6-06-2015 06:15 PM (6 years ago)
(f)
Mtchew
Posted: at 6-06-2015 06:15 PM (6 years ago) | Upcoming
Reply
- beneno at 6-06-2015 07:47 PM (6 years ago)
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oooooooh
Posted: at 6-06-2015 07:47 PM (6 years ago) | Addicted Hero
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- holyfm at 6-06-2015 09:57 PM (6 years ago)
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Charlse Soludo is better by far.
Posted: at 6-06-2015 09:57 PM (6 years ago) | Newbie
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- spekay at 7-06-2015 02:21 AM (6 years ago)
Online (m)
She can take to dancing until .  That is one thing she has proved herself good at . While the masses squaloured in abject poverty

Posted: at 7-06-2015 02:21 AM (6 years ago) | Gistmaniac
Reply
- spekay at 7-06-2015 02:22 AM (6 years ago)
Online (m)
She can take to dancing until then.  That is one thing she has proved herself good at . While the masses squaloured in abject poverty

Posted: at 7-06-2015 02:22 AM (6 years ago) | Gistmaniac
Reply
- PoliticxGuru at 7-06-2015 09:25 AM (6 years ago)
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after destroying our economy mumu wasted generation
Posted: at 7-06-2015 09:25 AM (6 years ago) | Hero
Reply
- elchymo at 17-08-2015 06:28 PM (6 years ago)
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Noise making woman
Posted: at 17-08-2015 06:28 PM (6 years ago) | Hero
Reply