Breaking: Buhari’s minister reveals how much his government saves monthly
– Minister Adeosun briefed the Senate on the state of Nigeria’s economy
– The finance minister assured Nigerians that the country is still the biggest economy in Africa
– She claimed that the federal government saves billions of naira monthly
– However, Mrs. Adeosun admits that the attacks in the Niger Delta affects revenue
Minister Adeosun
Minister of Finance Kemi Adeosun while briefing lawmakers on the state of the Nigerian economy has disclosed how much the government of President Muhammadu Buhari saves monthly.
She stated that Nigeria saves six billion naira monthly through a cut down in recurrent expenditure.
READ ALSO: Senate summons finance minister Adeosun
Mrs. Adeosun told the legislators at plenary that the move is part of federal government’s effort towards enabling fiscal discipline in the face of declining oil revenues.
Buhari’s government now spends 159 billion naira instead of 165 billion previously spent monthly as recurrent expenditure.
“Nigerians should not panic. We are still the biggest economy in Africa and we will still get better.” – Finance Minister @MrsKemiAdeosun
— Nigerian Senate (@NGRSenate) July 21, 2016
Addressing @SenAkpabio question on subsidy “I can confirm that there is no more subsidy” – Finance Minister @Mrskemiadeosun
— Nigerian Senate (@NGRSenate) July 21, 2016
“Are we on recession? Technically, Yes, we are.” – Minister for Finance @MrsKemiAdeosun briefs Senate
— Nigerian Senate (@NGRSenate) July 21, 2016
“The violent activities in the Niger Delta affects revenue” – Minister for Finance @MrsKemiAdeosun
— Nigerian Senate (@NGRSenate) July 21, 2016
The legislators had on May 26 invited the finance minister to brief them on the 2016 budget and other economic issues affecting Nigerians.
Meanwhile, Adeosun failed to appear before the upper legislative chamber on Wednesday, encouraging the motion to have her do so unfailingly on Thursday.
The Senate said that the Minister Adeosun had to appear before it before members proceed on recess.
The post Breaking: Buhari’s minister reveals how much his government saves monthly appeared first on Nigeria News today & Breaking news | Nigerian newspapers 24/7.