Sponsored
Banking | Finance

Adeosun Hosts IMF Director, Says  FG Committed To Infrastructure Development

Sponsored

????????????????????????????????????

Sponsored

L-R: Minister of Finance, Mrs. Kemi Adeosun with Director, African Department of the International Monetary Fund (IMF) when the latter visited the Minister in her office in Abuja on Wednesday

The Minister of Finance, Mrs. Kemi Adeosun on Wednesday told the visiting Director, African Department of the International Monetary Fund (IMF), Mr. Abebe Aemro Selassie that the Federal Government is leaving no stone unturned in its bid to make infrastructure development a priority.
Taking the visiting IMF chief through some of the initiatives of the current administration, the Minister said the President Muhammadu Buhari administration is doing everything to make Nigeria productive in every aspect.
This, she said, would be achieved by shifting emphasis to the development of infrastructure, which had been neglected by previous administrations.
According to her, with a population of about 180 million people, Nigeria has no choice but to be productive, saying this can only be achieved through infrastructure.
She recalled that “The allocation for capital projects in 2015 budget was just 10 per cent while the recurrent was 90 per cent which had been the case in the past six to seven years.”
She assured that the Federal Government is working with the private sector, and justified Nigeria’s deficit budget, saying there is no problem with running a deficit budget as long as it is done with emphasis on capital project financing.
Sponsored
Funsho Arogundade

Leave a Comment
Share
Published by
Funsho Arogundade
Tags: AdeosunIMFNigeria
10 years ago

Recent Posts

Lagos to London: How Air Peace Challenged My First Impressions

BY CHRISTY ANYANWU Travel often has a way of confronting our expectations. Sometimes, we set…

7 hours ago

Dangote Refinery: Domestic Crude Must Be Available And Commercially Viable

Dangote Petroleum Refinery and Petrochemicals has clarified its position following recent reports referencing data released…

7 hours ago

President Tinubu Approves Landmark Deep Offshore Investment Framework To Unlock Up To $50bn In New Investment

President Bola Ahmed Tinubu, GCFR, has approved a landmark reform that replaces project-by-project negotiations with…

10 hours ago

Ooni Celebrates Indimi’s Legacy, Unveils Plan To Establish Business School In His Honour

The Permanent Chairman of the Southern Nigerian Traditional Rulers Council (SNTRC), Arole Oodua Olofin Adimula…

12 hours ago

OYRTMA Moves To Save Lives, Replaces Stolen Manhole Covers With Concrete On Apata Road

The Oyo State Road Traffic Management Authority (OYRTMA) has commenced the replacement of stolen manhole…

13 hours ago

Tribute To Prof. Alfred Bandele Kasunmu, SAN: When A Giant Takes His Final Bow

BY 'KEMI PINHEIRO There are men whose passing is announced by the tolling of bells.…

16 hours ago
Sponsored