The Minister of Finance, Mrs. Kemi Adeosun has said that the
Federal Government (FG) would from this quarter inject the sum of N350 billion every
quarter to revamp the economy, reports ITRealms.
"… We are going to pump N350 billion into the economy
in this quarter and we are going to do so every quarter until we stimulate
growth,” she said.
Adeosun also said that Nigerians will see growth if spending
is on needs, reassuring “We will see growth if we spend money on those things
that would create jobs.”
Speaking on Sunrise, a programme on Channels TV, Adeosun was
quoted as saying that there is an economic team chaired and managed by the Vice
President.
“I am a member. Others include the two ministers in the
Budget and National Planning ministry, the Minister of Trade and Investment,
the Minister of Information & Culture, Head of the Debt Management Office
and the Director General of Budget, among others,” she said, insisting there is
an economic team.
Adeosun explained that the current team is just a different
structure from having a Coordinating Minister of the Economy (CME), recalling
that under the CME system, Budget was under the Ministry of Finance.
“But Budget has now moved to National Planning," she
declared, emphasing that the economic blueprint is very clear as they are
determined to invest in capital projects to ensure that the economy is diversified.
“We have been talking about diversification since I was a
child and we haven’t achieved that,” she said, adding the government is focused
on revamping domestic production as part of efforts to diversify the economy.
Chuks Egbuna/GEE
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