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LequteMan
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Nigeria - Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has at a session of the Council on Foreign Relations in Washington DC given the incoming administration of Gen. Muhammadu Buhari some advice about Nigeria’s economy, ThisDay reports.
Dr. Okonjo-Iweala urged Gen. Buhari to muster the political consensus on how to build fiscal buffers like the Excess Crude Account (ECA), noting that had the ECA not been depleted, the current economic difficulties occasioned by the fall in oil prices would have been mitigated.
The minister also advised the new administration to pursue a policy of aggressive diversification of the economy and focus more on agriculture and non-oil revenue sources.
#Nigeria #Okonjo #Buhari
Dr. Okonjo-Iweala urged Gen. Buhari to muster the political consensus on how to build fiscal buffers like the Excess Crude Account (ECA), noting that had the ECA not been depleted, the current economic difficulties occasioned by the fall in oil prices would have been mitigated.
The minister also advised the new administration to pursue a policy of aggressive diversification of the economy and focus more on agriculture and non-oil revenue sources.
#Nigeria #Okonjo #Buhari
