Thursday, August 11, 2022

We Have Built A Better Economy Than The Previous Administration — Minister Of Finance, Zainab Ahmed

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The Minister of Finance, Budget, and National Planning, Zainab Ahmed has stated that the Buhari-led administration has performed better in terms of the economy of the nation compared to how they met it in 2015.

Speaking in Abuja on Wednesday, July 27, the minister said, “First of all, let me address a question on the issue of the economy, as to whether the administration has done well. The administration has done very well.

READ ALSO: Creditors Owe FG ₦5.2 Trillion – Zainab Ahmed

I need to remind us all here that in 2015, the administration came on and met a crisis in the oil and gas sector; we had the first slump in crude oil prices and a very significant slump in crude oil production.

Nigeria Will Exit Recession Q1, 2020 - Finance Minister

Secondly, we had a second recession due to COVID-19. That was even a shorter recession and we have seen now up to five quarters of positive growth. So, the economy has been growing, despite very, very difficult circumstances.

READ ALSO: Nigeria Hasn’t Properly Utilised The Donor Funds – Minister Of Finance Zainab Ahmed

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The other thing I need to remind us is that this administration has been able to realize the lowest oil and gas revenue, compared to all previous administrations, but it has also been able to do much more in terms of deployment of infrastructure. So, the administration has done well.”

Also Read:  FG Declares June 12 Public Holiday

Zainab Ahmed

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Photo Credit: Getty

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