The Minister of Finance, Mrs. Kemi Adeosun on Wednesday announced a set of
robust plans by the Federal Government to get Nigeria out of the present
economic challenges. Responding to questions on the state of the economy
at the monthly Federation Account Allocation Committee (FAAC) meeting in
Abuja, the Minister assured Nigerians that the current administration is
doing everything possible to improve the nation’s Gross Domestic Product
On the issue of FGN debt, the Minister explained that the current
administration discovered debt from the previous administration in various
sectors; which the Federal Government has now put under management. She
added that significant work has been done by this administration to
commence payment of these debt.
“We are working in conjunction with the Central Bank and we have already
consulted the National Assembly on what we are doing to solve the
problem,” she said.
According to her, issues like cash calls, contractor debts, among others,
have been discussed within the administration and solutions implemented
She explained that the National Assembly is being carried along on what
the administration proposes to do. She expressed the confidence that the
Federal Government’s fiscal roadmap will boost the revenue and the
She however warned that there is no short cut to recovery. She said
government is bent on investing in infrastructure in order to be able to
create jobs that will provide succour.