Nigeria’s economy set for growth, says finance minister
From Uche Usim, Abuja
Minister of Finance, Mrs. Kemi Adeosun, has reaffirmed the commitment of the Federal Government to return the economy on a path of sustainable growth having weathered the storm of a difficult macroeconomic environment over the years.
She said this during a courtesy visit by the US Ambassador to Nigeria, Mr. Stuart Symington.
According to her, in spite of the oil price shock and drop in production volumes, the Federal Government succeeded in utilising the situation to reposition the Nigerian economy which would ultimately be to the advantage of the nation. She said the nation’s economy was set for growth, even as she emphasised the investment in infrastructure, citing that over N1 trillion had so far been released.
She noted that lack of adequate investment in infrastructure has been the bane of the Nigerian economy in the past, noting that the present administration has begun to correct this anomaly. She said over N1trillion was released for various infrastructure projects across the country. She emphasised the critical role of power on job and wealth creation.
The minister explained that investment in public infrastructure would begin to attract private sector funding, which would enable diversification and growth in priority areas like agriculture and housing.