“Without the SWF there’s no sustainable basis for savings.
“Before you can even look at the centres of the economy and trying to change them and create jobs, you must have macro-economic stability,” the Minister said. The Coordinating Minister of the economy and Minister of Finance, Ngozi Okonjo-Iweala on Monday said that the cost-cutting of the Goodluck Jonathan’s administration has helped restore Nigeria’s Excess Crude Account (ECA) to some $9 billion in oil savings, or more than double what it was a year ago. He said that an agricultural process “is not the business of the government, from a policy perspective of trying to create a conducive environment”.
“I believe Nigerians will come to see that deregulation is right.”. We have about $9 billion in the excess crude account. Mrs Okonjo-Iweala said that N232.2 billion of claims had been rejected so far.
Nweke was elected alongside Aminu Mukhtar Dan’amu (Vice President). “I wish something will indeed happen to Nigeria’s oil.
It is dangerous”. A former Minister of Information and Culture, Frank Nweke Jnr has said the ongoing probe in the Niger Delta Development Commission (NDDC) is a disgrace. Rassembler, sélectionner et commenter vos fichiers. With the theme “Growing Agriculture as a Business to Diversify Nigeria’s Economy”, he revealed that the 19th Summit further aims to change the general notion that agriculture is a “social service” but a “business”. “This latest jack-up in the benchmark price for the 2013 budget is ill-advised. He noted that “a nation that does not feed itself, but becomes a threat to its own sovereign existence” warning that “growing our own food, processing what we produce, becoming competitive in export markets and creating jobs across all our economy are crucial for national security”. “We’re a democracy. The finance minister also faces a showdown in parliament over the government’s latest budget, with some lawmakers saying too much money is being set aside as oil savings when the country needs more spending on things like infrastructure.
Frank Nweke Jnr, Producer: Duty. The NESG Director-General, Mr. Frank Nweke Jnr. He described the annual budget as a statement of intent which depends on the nation’s revenue profile. Runway Jazz resonated a high level of class, style and grace as notable dignitaries graced the event.
The former information minister said “ the choice of agriculture was very deliberate, very strategic because we think it holds the greatest promise for the diversification of Nigeria’s economy” as a guest on Channels Television’s breakfast show held at the Transcorp Hilton, Abuja ahead of the 19th Nigeria Economic Summit.
on Tuesday restated the group’s choice of agriculture as the theme for the 19th Economic Summit holding in Abuja. President Jonathan attempted to scrap it in January, but a week of strikes and protests forced him to partially reinstate it.
Nweke was elected alongside Aminu Mukhtar Dan’amu (Vice … But I want to assure you that everything concerning the summit planning is on course. Anyway, I am going to investigate and find out. He further maintained that the jaw-dropping 167 million population “makes us a huge market, we must not be the market for others” adding that “we must grow our own food, we must feed ourselves, we must create markets locally for our own farmers”. Since then, a parliamentary inquiry has uncovered multi-billion dollar fraud in the subsidy’s administration, and the government has exposed subsidy claims to stronger checks. LIVE. The Sovereign Wealth Fund (SWF) launched this year would in theory help Nigeria better manage its oft squandered oil funds, by putting them out of the reach of its political elites, but powerful state governors who want more money to spend are blocking attempts to transfer the ECA into the fund.
JUST IN: FG restructures NCAA, sacks directors, Chika Ike’s book, ‘Boss Up!’, endorsed by Harvard Business School, Kaduna gov speaks on Hisbah banning ladies from using mobile phones, sunglasses, VIDEO: Reviews of mother pouring hot water on maid for licking baby milk, others, EndSARS: Mr Macaroni spends night protesting at Alausa, Rivers’ serial killer, Gracious David-West, sentenced to death, #EndSars: BBNaija star, Mike Edwards, to lead protest in UK, Bobrisky slams those attacking him for not attending EndSARS protest, ‘Burna Boy shut up, Wizkid’s song is below par,’ Mr Macaroni said on Twitter, Apara falsely accusing Tinubu to divert attention from N6bn fraud, says Alpha Beta, We need Okonjo-Iweala in WTO – Trade Unions, Alleged N2.2bn fraud: Fayose’s trial impeded due to absence of witness. There is speculation President Jonathan will try to remove the subsidy – which many Nigerians see as the only benefit they get from living in an oil-rich state – next year. “I can say very clearly, without fear of contradiction that the economy is not collapsing. For instance, on the issue of minimum wage and subsidy removal, Nweke Jnr. With only 40 per cent of 84 million hectares of arable land being cultivated, 263 billion cubic metre of water, two of the largest rivers in Africa, cheap labour to support agriculture, the minister insisted that “Nigeria has immense agricultural potential”.
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