INTERVIEW: Why Nigerians are yet to feel impact of N0.75 trillion capital projects spending – Finance Minister

Minister of Finance, Kemi Adeosun
Minister of Finance, Kemi Adeosun

The Minister of Finance, Kemi Adeosun, was one of the speakers at the ongoing Wealth Creation Platform organised by the Kingsway International Christian Centre in Lagos.

PREMIUM TIMES’ Jayne  Augoye had an interview with Mrs. Adeosun on Saturday some minutes into the event where she outlined critical steps the Muhammadu Buhari administration is taking to move Nigeria out of economic recession.

PT: Nigeria is experiencing hard times due to the downturn in oil prices. What step is the Muhammadu Buhari administration taking to move Nigeria out of economic recession?

Adeosun: We are trying to reflate the economy and get it back on the period of growth. And the strategy we are adopting is to inject more money and funds into the economy particularly in the area of capital projects. This is because we believe that in doing this we will do two things in the short term. One is job creation, better roads and bridges, improvement in power supply and more importantly unlock the productivity of the Nigerian economy by creating infrastructure which we know at the moment is missing. The latter is really the reason why Nigerian businesses are not competitive against their foreign counterparts. We believe that if we invest in the right things we will be able to unlock the growth of our economy in the right direction and get us out of our current situation.

PT: In your speech, you mentioned that the government released N750 billion for capital projects. Why then is the impact of these monies still not being felt in the Nigerian economy?

Adeosun: There are a number of reasons why the impact is not as immediate as people would like it to be. One of the reasons is that the projects are all long-term projects and you have to go through a procurement process and this slows us down initially. The second factor is that many contractors have not been paid since 2012. So, when they were given the first tranche, they just sat on it because they didn’t know the second one would come. After we did the second release, which is another N350 billion, we have begun to see a lot of activities. For instance there is so much work going on the Lagos-Ibadan expressway and I am sure you have seen a lot of activities on the highways in the last three months than before. We are planning to do another release before the end of the year because we are very committed to getting this economy moving. We must also follow due process and that is why we have been advertising in the media so Nigerians can get involved in the process. These does slow things down but in the long run it is better for everyone as there is a lot of transparency in what we are doing.

PT: The roads nationwide are in a very deplorable state. What is your ministry doing to ensure that those awarded contracts actually carry out the repairs?

Adeosun: The infrastructure gap in Nigeria is $25 billion a year. We are trying to do two things, which are: getting government money into road constructions and rehabilitation, and secondly we have created a Road Trust Fund. We are going to inter-source private money particularly pension fund money and investment into roads so what you should see in 2017, is a massive focus on roads. So, there will be private monies invested into the roads that can be tolled. If it ordinarily takes you two hours to cover a journey that should take you 20 minutes it means you have already paid a toll in terms of the wear and tear of your car and fuel so why don’t we just quickly do the roads and get people to pay much to use the roads. We are trying to change the philosophy because the gap is too wide and government on its own can’t do it alone. We need to bring private money in and once we do that they need to get their money back. We have also gotten offers from foreign investors as well.

PT: How is the government planning to assist small and medium-sized enterprises (SMEs)?

Adeosun: The SMES account for about 50 per cent of our GDP and that means a majority of Nigerians are working for an employer who employs seven people or less. So, to get the economy to grow, we have to invest in this sector so we are doing a lot. But infrastructure is the biggest challenge we have so we are putting capital into the Development Bank of Nigeria which is a specialist bank set up to channel low cost funds to SMES. It was a project that started about two years ago before it was stalled. We have gotten it up and hope that bank will take up in the early 2017. That bank has 1.3 billion dollars of capital that will be pumped down into SMES through microfinance and commercial banks to the SMES at lower costs. Once the SMES start moving you will begin to see a lot of growth and activity.

PT: Talking about cutting costs in government, can you give us specifics?

Adeosun: We have the Efficiency Unit set up when we came in November and it is working on overheads costs. With regards travels and there are a number of ‘no first class travels’ rules in place. So, ministers and permanent secretaries can only fly business class while others can only fly economy. A revised circular was released this week and it states that Director Generals of government corporations should only fly economy. There are other circulars that show how much can now be spent on food and drinks. We have outlawed the printing of souvenirs, face caps and t-shirts at government events. Yes we do know that the contractors will not be happy but we have to invest in our infrastructure, which is the most critical thing at the moment. We will continue to work on cutting the cost of government. On the salary front we have introduced tighter controls to ensure that everyone that is being paid is a valid worker of the federal government. As such, people that are dead or who have left the service must be removed from the payroll quickly so we can have an efficient payroll. All these are aimed at one thing, which is to ensure we have money infrastructure.

PT: Do you think you have fared well so far?

Adeosun: I am at a place where I can say that if we can stick to what we are doing at the moment, Nigeria can make it. With the oil price so low and we are still able to do so much you can you imagine what much development we will see if we continue on this path. When the oil prices were favourable we had nothing to show for it with the current oil prices, now people can see what we are doing. I am not saying it’s going to be easy but we are on the right path.

PT: What progress is being made ahead of our Eurobond sales?

Adeosun: The Eurobond is in the Bureau of Public Procurement and we are finalizing with the parties involved. So, it is really following due process to get the parties approved and as soon as we get the letters of no objection we will announce whom the parties are.


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  • O’ Jose

    Donald Trump blasts President Buhari as a tragedy

    “No sensible president continuously travels round the globe while his
    country, Nigeria, is in terrible hardship and economic mess. It can only happen
    in Nigeria where all that matters to the President (Buhari) is the full introduction of
    Islam, annihilation of his political opponents and the absolute extermination of
    the people of [Igbo] the old eastern Nigeria. Buhari, prior to his questionable
    victory at the polls, the president of Nigeria made lots of promises which he
    has obviously failed to keep and in most cases denied.”

    ………….Donald Trump

    (President-elect of U.S.A)

    • share Idea

      Aptly stated

      • Akinmade Olusina

        @ismail_jamal:disqus

        Within 60 days of taking office as a newly elected president, Muhamadu Buhari headed for the vaults
        and took out a whopping one billion Naira. Buhari then put the one billion Naira into the pocket of his
        crony, Brigadier Muhamed Buba Marwa. That was last year July, when President Buhari ran one-man government without appointing any Minister. Buhari was the sole approving authority for the entire
        federal government of Nigeria.

        It wasn’t until the Senate began looking into budget performance results that Senate uncovered this inexplicable and dubious taking of one billion Naira from the treasury at a time when over 22 states
        in the federation couldn’t pay 7 to 8 months’ salaries to civil servants. If then morning shows the day,
        this one billion Naira saga is enough tell-tale sign that President Buhari’s own priority is predominantly
        personal; nepotistic, tribal, Islamist and regional.

        • share Idea

          What you stated is obvious fact for discerning minds while gullible will not understand the clear comment you made. Just wait for the election time, and Nigerians will be shocked by level of dirty deals that are going on under this administration

          • emmanuel

            Buhari has never been a man of integrity and will never be. His ills since the $2.8 billion through 18 suitcases of FOREX, opening PTF Vault for Abacha to steal Nigeria dry whilst pretending not to know, the making Nigeria ungovernable, NYSC members slaughtering, heightening of Boko Haram insurgency, posting fake result in his facebook page, Nigerians should have known that they were headed for real crises.
            An illiterate would rather just do things without documentation, rather thn face the troubles of signing papers he may not understand like 206 budget proposals.

    • Ismail Jamal

      Keep fooling and deluding yourself

    • Ken

      That comment is very correct.

    • Otile

      Who said that President Trump does not know what’s going on in Nigeria.

      • vagabonds in power

        At least he know Bingo Buhari was dumped on us by the CIA under the directives of Obama-That is why the Yorubas are not happy at the victory of TRUMP————

        • Powerlessconscious

          You mean bingo badluck Jonathan.

    • Rommel

      Clown

      • Epsilon_Delta

        Saddist

  • Ken

    These people aren’t ready for leadership. They should study the handover of GEJ and work the way that govt did on infrastructure. Adeosun should consult NOI

    • Olusola

      Consult failures? Are you serious?

      • emmanuel

        Who are the failures Olu sola? Kemi and Buhari are a big joke and error.
        Ask round Nigeria one single policy, plan or achievement since they came-in?
        Please note that the Commissioner in charge of Local Government and Chieftaincy in a Nigeria state is more strategic and has much more job than the Finance Commissioner which was Kemi’s only job in Public service.
        Her inexperience has landed us into troubles. Eve Buhari knows that he cannot match Jonathans achievements.
        A team that cannot put a Budget, MTEF or loan request together is at best bunch of comedians, unfortunately the Alibaba, Basketmouth, Akpis of this World are enough to entertain us, so spare us the troubles of having to watch the Aso Villa comedians in the midst of hardship.

  • dr.f.smith

    I HOLD THE OPINION THAT BUHARI’S GOVERNMENT IS FALTERING AND FAILING FOR LACK OF THINKING.
    IT IS NOT FOR LACK OF MONEY THAT BUHARI’s GOVERNMENT COULD NOT PREPARE ITS LOAN PAPERS.
    I.M.F HAS BEEN SCREAMING SINCE TWO MONTHS AGO THAT BUHARI HAS NO POLICY SUPPORT INSTRUMENT.
    NO LOAN CAN BE APPROVED BY THE I.M.F WITHOUT A POLICY SUPPORT INSTRUMENT AS STANDARD PRACTICE.
    DITTO, THE NIGERIAN SENATE REJECTED BUHARI’s MEDIUM TERM BUDGET FOR LACK OF SUPPORTING FIGURES
    .

    • vagabonds in power

      SO U BEEN EXPECT A FULANI COWHANDS TO THINK LIKE REAL HUMANS ABI’?

    • Vbootandall

      @disqus_zttM2JR2Wz:disqus

      This is really sad. Those of us who voted for Muhamadu Buhari as president now look like fools and idiots.
      President Buhari mistakes ‘adamance’ for ‘principle’ and he exhibits a trait of fatal attraction to the mediocre.
      Every thinking person in Nigeria said in unison that President Buhari picked ‘incompetents’ as his advisers.
      The Senate joined on Friday too and said President Buhari’s aides are all wholly ‘useless and incompetent’.
      But President Buhari suicidally keeps and retains all his incompetent aides, Ministers and advisers till today.
      Is that ‘principle’ folly or adamance? Buhari now has to answer that for himself as his public rating falls to 28%.

    • emmanuel

      Buhari is only interested in how quick he achieves his ethnic and religious agenda. Infact, he would have preferred he runs alone like he did in his first six months. That way, he can walk into the World Bank collect loans without documentation, as long as such loans would get him to further his interest and the World Bank would enslave us with it.
      It is injorious to have a man whose level of intelligence and exposure is low.

      • Powerlessconscious

        Continue to have headache of ethinicity. Continue to deceive yourself. You are the PRODUCT of your DECISION.

    • Rommel

      So you alone will be changing monikers and posting your thoughts? na wao

      • emmanuel

        but that is your specialty so why stalk him?

        • Anonymous

          I hold the opinion that Buhari’s government is faltering and
          failing for lack of thinking. It is not for lack of money that Buhari’s
          government could not prepare its loan papers. I.M.F has been screaming since
          two months ago that Buhari has no policy support instrument. No loan can be
          approved by the I.M.F without a policy support instrument submitted as standard
          practice. Ditto, the Nigerian senate has rejected Buhari’s medium term budget
          for lack of supporting figures.

          • emmanuel

            I am still shock that very pretencious fellows careless about the inept government’s failings and would rather we all go down , than speak up to correct him.
            Very certain that these are direct or indirect beneficiaries of the failings. Lazy Africans.

  • vagabonds in power

    Aware the primary aim of the Buhari-led government is to resolve militancy for the sole aim of bringing back crude oil production to 2.2 million barrels a day. The same old method of deceiving the people with dangling carrots, that never land on the ground.

    The urgency of the federal government to reduce militancy by 90% and ram up crude oil production to 2.8 million barrels a day is laudable, but the lack of a corresponding policy that addresses the needs of the region is worrisome.

    The people of the Niger Delta and indeed all Nigerians must not forget that the entire enterprise of government at all levels in Nigeria is funded by more than 80% from the resources of the region. As new regional development commissions are launched in the North, and a plan to throw the country into further debt of $30 billion are put into motion, we must all remember that the funding for these come from the Niger Delta.We the people of the Niger Delta region will not accept anything less than OWNERSHIP, RESTRUCTURING, and REFERENDUM on the question of SELF DETERMINATION. Our call for justice and equity is not about individuals or political parties, it is about all our peoples and the future of our generations to come.

  • emmanuel

    “Nigeria is experiencing hard times due to the downturn in oil prices” From the opening question of your interview above.
    The above is a lie, as the plunging price of crude oil and production shut-in are not enough to lead to recession, but can lead to a contracted economy without recession.
    Your propaganda that help Buhari stay in office for over a year without spending money, putting operatives in place to jump-start the economy after a bitter electoral campaign which began just halfway into the life of last administration was what got us into recession.
    My advice to you, stop propaganda and do informative media practice. Trump team is almost 80% complete, which was what we asked for when you and your hireling in the forum and others hounded us.
    Unfortunately, we are all victims of such errors – adverts in your house has diminished terribly and that is part of your cost of promoting lies.
    So stop such misinformation.
    For Kemi, they only started paying contractors some paltry sums about two weeks ago, against the lies of N750 billion she mentioned. She even goes into the church to churn out lies

    • Commentsfile..!!!

      when people like you talk, one could smell foolishness in the air immediately..
      how can one Jumpstart an economy like that of Nigeria without investing in
      the Infrastructures that would generates the needed income to that economy..??
      and open the landscape for more investment opportunities…?
      This is what this govt. has embarked on but you kept missing the point
      and cant tell either the way out..thats lame..

      • emmanuel

        You must be sharp to have smelt my foolishness so fast.
        They got N2.7 trillion into TSA within six months in office, but paid those who built infrastructure and were been owed about 15 months into the same administration. That is what i call crass foolishness.
        Money is meant to be spent on economic value infrastructure during difficult times not only to release moneies, but to also generate revenue.
        Now ask your self how much of the monies to be spent from the phamtom loan is revenue generating. Such infrastructure by your definition includes building helipad at Daura, junketing the World and importing grasses from Brazil?
        Should i really answer you in the first place/ I like engaging intellectual and politically savvy people, not unexposed internet and yahoo rascals who are only active at night.

        • Dejandon

          You just confirmed his assertion on the foolishness. You think TSA money is just there to be spent?

          • emmanuel

            Okayyyy, now tell us what the monies was used for, while refusing to pay for infrastructure?
            You realise money, did not save or pay your debts and got yourself into mess? are You saying all of those monies went in for overheads and running cost?
            You sure lack brains.
            How come we could not even carry out perlaitive repairs on our roads (simple patching)?
            No one buys brains in the market, neither is it distributed in Churches or Mosque. It develops; but unfortunately your never developed,
            You and your masters seem cursed

          • Commentsfile..!!!

            hahaaaaaaaaaaaa
            I didn’t see your mail …before responding to this Akamu!!
            Lol… somebody paid his school fees..and the thing de pain me!!

        • Commentsfile..!!!

          You can spend your day here but I dont envy you–
          it means your problems are more than that of Nigeria
          and this is why you are stuck in your failed imagination..
          TSA funds you mentioned here are not ment to be disbursed
          because this are monies belonging to different Govt. ministries..
          the TSA is just to have a control of the monies, even on how they are
          spent and at times when necessary the Govt. can put it into use to an
          extent mostly funds from the revenue generating agencies..
          you are extra intelligent but Jonathan is still your master..failure de hug una!

          • emmanuel

            TSA is Government funds received as revenue within budgeted annual cost of funding the relevant MDA’s and running the nation.
            MDA are not meant to spend more than 15% of such revenues generated, Ignorance is a disease.

          • Powerlessconscious

            Don’t be stubborn. The guy ‘Commentsfile’ have lectured you enough. TSA is money of different agencies.

          • emmanuel

            unfortunately for you, i have operated in the financial industry for upward of 23 years and had a draft of the TSA policy document before 2015 general election.
            for your ignorance, my online media commentary span beyond the shores of Nigeria and on both political, social and economic issues.
            The one you said tutored me on TSA posted “TSA funds you mentioned here are not ment to be disbursed because this are monies belonging to different Govt. ministries.. the TSA is just to have a control of the monies” Blatant error
            By the way, Government revenues are generated and distributed to Federating units in case of Nigeria after relevant deduction of generating cost.
            Mumu

      • Powerlessconscious

        Most of them are illitrate. That is what PDP education has caused on their brain.

  • abdul dull daura

    The fastest way out of recession is to remove Buhari. He is the problem.

    • Rommel

      If Jonathan had not been president,Nigeria would have been miles ahead of where we are today

      • emmanuel

        shoosh your mouth.
        So Buhari would just have come-in to squander monies? A leader is a solution giver and a problem solver and not a pain giver.
        In the days of Jonathan even Premium Times had vibrant adverts, ask them how it has been this last 18 months.Abi na wetin you take measure success?
        At least Jonathan did not get us into recession. Meanwhile, we are yet to see the $49 billion stolen by Jonathan from the NNPC which Sanusi used to ascend Kano Emirship. Continue fanning the chea propaganda before hunger go kill you.
        I am happy that the APC cannot pay their Headquarters Electricity bills and owe their staff. Na small small Aso Villa nor go get money pay their staff too.

      • abdul dull daura

        The one without a certificate is our problem. You remember to get money for APC presidential form, he made a phone call to his bank. The loan was granted. He thought he will also get a $30b loan with a phone call. What a shame? The one who will always go back to his vomit is shameless.

        • Rommel

          Somebody who knew my country asked me a couple of years ago in Helsinki if president Jonathan’s PhD was real and the name of university that awarded it

          • emmanuel

            Buhari is supposed to be a turnaround expert going by the propaganda before elctions. You said he would come to rescue Nigeria destroyed by PDP in 16 years
            Why have you continued to inundate us with the problem that led to his ascendancy?
            Please do well to feed us in with the laudable progress, plans, policies and milestones achieved so far.
            Only failures do what you have continued to do. Your diatribe will only get more people to dislike him.

          • abdul dull daura

            Just one man in Helsinki asking? The whole world is looking for Buhari’s Ordinary Levels certificate. 13 S A N were in court the other day looking for the certificate. In court for Ordinary Level Certificate? Rommel, you Buhari’s E- defense attorney, is your certificate in court?

      • abdul dull daura

        No doubt about that. Buhari see recession as progress, and you will kill your brothers in the North East for him.

  • MRnaijawantalk

    Guess these government is so used to lying that they seem to believing their own lie. How can can you generalize that contractors have not being paid since 2012!? Just shot up ! why didn’t she confess that the 1st 350 Billion released was paid to mostly foreign contractors ! that did what is expected in an uncertain situation of repatriating as much as they could to save their investment?

    You are a learner and using us as an an experiment to gain experience, it is a year in as minister which has surely being the worst economic year in 4th republic! When OBJ became president we had $2 Billion in reserves and oil was $19 so what hell is your excuse …. incompetent idiots !!

    • emmanuel

      She met with the contractors months back and pleaded that the funds which she said had been released did not have cash backing and they asked that she issue them bonds which they could take to banks to negotiate for cash, she ran away and never returned to them.
      Kemi is a nincompoop and confused little mind who is continuing in office on the arrogance of a failed President. Buhari got her into office as a way of punishing Tinubu.
      My question, could he not have looked for a better person?
      Trump has asked for a Democrat and the best CEO to head finance – Treasury. Buhari got a Girl of who has not grown out of interest in Brazilian wig to run Nigeria.
      She only discusses hypothetical issues and hold press briefings on how they shared monies – shame

    • Commentsfile..!!!

      the past Govt were borrowing to pay salaries…
      from where should they pay contractors from?
      through ATM Dasuki?

      • MRnaijawantalk

        Even the Dasuki ATM were contractors whom they paid, This is Mid November Short and Mid term plan no details ! 2017 Budget not done what is the excuse ! well it was PDP

        • emmanuel

          I fear for these senseless Nigerians who think helping failure to further their propaganda will help their economy.
          I have good laughter each time i see those who aided Buahri get into office suffering hardship. Most of them cannot renew their internet subscription anymore, yet the real hardship has yet to begin.
          I knew a women leader who harassed anyone who came her way with PDP poster on their cars or Okada. today, she has lost colour and hardship is written allover her.
          Her office is hardly opened. Brainless change. Trump has started Work, Buhari is yet to begin 18 months after – shame

          • Powerlessconscious

            Hardship did not start in Nigeria today. That is why clueless gej was sent packing to otuoke.

          • emmanuel

            Nigerians have never been known to commit suicide out of hardship until late 2015 to-date. Unfortunately, majority of upper, middle and lower class Nigerians have now dropped into fallen penury bracket.

        • Commentsfile..!!!

          there are no excuses here…
          laying a good and lasting foundation takes longer
          than setting up a whole structure.
          16years wasted..i can wait for 2years
          for the rite foundation to be laid..
          nothing done in a hurry is well done..
          PDP is still laying the foundation of their
          party and hadn’t any time for Nigeria and
          Nigerians..every party affair was made a Nigeria
          affair and that is why people like you will never still
          understand that in governance everything should
          not be about politics.

          • emmanuel

            Laying foundation without understanding of budgeting or Medium Term expenditure framework or loan documentation.
            Please tell us one of the foundational structure? Mind you, fighting of corruption is still continuous in the USA , other nations of the world and has never been an economic policy.
            You people said the first six months of Buhari running the nation alone was to clean the stable and consider the best hands to run Nigeria. 18 months on, the stable is yet to be cleaned and the best hands are yet to be discovered, but Trump already known the good hands and that is why Trump said Africans are lazy with your kind of brain.

          • Powerlessconscious

            Do you understand budgeting? Yes or No?

          • emmanuel

            An Accountant for that matter and politically upto-date.
            What are your attencedents?

        • Julius

          They didnt pay all the contractors. Liar, I know some who are still trying to get paid and Buhari has even paid majority but, not all of them.

  • Fidelis Ohabume

    @MRnaijawantalk:disqus

    I read below here that
    President Trump blasted President Buhari as a useless man and Trump gave
    his reasons for holding that definitive opinion. If the reasons he gave are true,
    the opinion will be correct in logic. My own understanding of this matter is that
    President Buhari is his own undoing. He is utterly lacking in modesty to realize
    his severe limitations. He does not have adequate schooling to understand the
    issues of public policy – including international economics and foreign policy.

    But Buhari also lacks modesty and insisted on appearing on global television
    on false advice by his thick-head media advisers that he’s admired. Pray, he is
    not admired by anyone! Nobody admires ignorance. Those first set of television
    interviews that Buhari granted early in his tenure last year virtually nailed him,
    as his outrageous responses exposed him for whom he is – a bone dry president
    in ideas – especially when he told the German media few weeks ago that women
    belong only to the kitchen to cook; and to the bedroom, for sexual relations.

    • repost3333

      Donald Trump blasts President Buhari as a tragedy

      “No sensible president continuously travels round the globe while his
      country, Nigeria, is in terrible hardship and economic mess. It can only happen
      in Nigeria where all that matters to the President (Buhari) is the full introduction of
      Islam, annihilation of his political opponents and the absolute extermination of
      the people of [Igbo] the old eastern Nigeria. Buhari, prior to his questionable
      victory at the polls as the president of Nigeria, made lots of promises which he
      has obviously failed to keep and in most cases denied.”

      ………….Donald Trump

      (President-elect of U.S.A)

      • Julius

        Link to the story…

    • Straight and Simple

      Whether the Buhari government can be believed as clear-headed, consistent and honest
      will henceforth depend on the triad of cases pending investigation and decision; namely,
      the one [1] billion Naira President Buhari quietly stuffed into the back pocket of retired
      Brigadier Buba Marwa; and two, the Bukola Saraki illicit assets’ concealment case
      at the Code of Conduct Tribunal, and, finally, the over one trillion Naira missing
      and deemed stolen under Alhaji Sanusi Lamido Sanusi at the Central Bank –
      as uncovered by an audit in 2014 completed by the federal government
      of Nigeria. Without passing this three-part litmus test, Buhari will only
      invoke his anti-corruption rhetoric in vain to provoke laughter.

    • Aaaapeecee

      APC IS A PARTY OF ILLITERATES AND ILLITERATES ARE THE MAJORITY IN NIGERIA;

      SO, APC WON THE 2015 ELECTION. VERY SIMPLE LOGIC. ONLY THE SHALLOW CAN

      CALL TO THE SHALLOW. UP ILLITERATES! UP APC! ILLITERACY FOREVER, UP APC!

  • Nancy

    Can’t this woman just shut up for once and stop irritating Nigerians?

  • North/West Allies

    Please go away

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  • chinedu

    I know that the problem in our country is basically that of a nation that can not feed itself. The approach should be integrated with the states and local governments participating effectively. The major job is for the federal government to liaise with the states and local authorities to come clear with a harmonized policy to feed the nation. I guess the Anambra state government is already showing a lead. It is only after this stage of development that the federal government can focus more successfully on the next level. Therefore first priority is food and second is power and roads. Let the government try this and let us see the results. Wish them luck.

  • Ben

    The economic blue-print being implemented requires our total support rather than diverting attention to topic that are irrelevant to the above. We need to focus on ensuring a sustainable macro in symphony to micro economy for a visible outcome.

  • thusspokez

    The Minister of Finance, Kemi Adeosun, was one of the speakers at the ongoing Wealth Creation Platform organised by the Kingsway International Christian Centre in Lagos.

    If this were a Muslim organisation, I am sure that some alarmists and conspirators would be point to the minister’s attendance as one more evidence of the Buhari stealth Islamisation of Nigeria programme. But what is this mediocre, graduate of London’s worst university and fourth-grade economist doing speaking at the event? Keep Nigeria secular, and religion out of government business. With religion, trouble is never far away.

    On economics, I would rather re-read my college textbooks than listen to this woman who has no clue but is nevertheless in-charge of an economy, the size of Nigeria. It is like asking a 7-year old to drive a train.

  • Otile

    Is Imam Buhari still going to keep this senseless woman? It will be bla bla bla until Nigeria suffers a major depression unknown to mankind.

  • eyobaba

    Madam cockney minister, just one question, if you toll a road and the road is still in a deplorable condition, what do we do?

  • Dr Pat Kolawole Awosan

    President Muhammadu Buhari, government must be pro-active and no-nonsense as CBN governor Godwin Emefiele, refuses to support the efforts of Nigerian government to reflate the liquidity in the economy by reducing the 14% high interest rate to a single digit in order to encourage commercial banks to open their wallet and lend more to business men and women in order to expand their business operations and production capacity in order to lift the economy out of deep recession.If CBN governor Emefiele, would not support FGN efforts then CBN governor Godwin Emefiele, must be removed from that position at all cost.
    |Nigeria, is on the right track with current efforts to grow our economy and increase our revenue as current efforts if continued shall definitely lift Nigeria, out of recession with all hands on deck.