FG spent N750 Billion on infrastructure in five months


The Minister of Finance, Mrs. Kemi Adeosun, has said that the Federal Government is determined to invest massively in infrastructure, sort out issues around the ease of doing business and encourage patronage of made-in-Nigeria goods in a bid to reflate the economy.

She said these were part of broad measures being taken to create jobs, promote entrepreneurship and businesses, pull the country out of recession and grow the economy sustainably.

Adeosun stated these while speaking at the Wealth Creation Platform 2016, a programme organised by the Kingsway International Christian Centre in Lagos on Saturday. Her lecture was entitled, ‘Where we are, why we are here and the future.

The Finance minister said that the current administration had realised some mistakes made by past administrations and was working hard to ensure that they did not reoccur.

She noted that over the years, Nigeria had merely been spending about 90 per cent of her budget on recurrent expenditure, while infrastructure investment was near zero.

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