Home BUSINESS BANKING & FINANCE We Don’t Need Coordinating Minister To Revamp Economy – Finance Minister

We Don’t Need Coordinating Minister To Revamp Economy – Finance Minister

Kemi ministerThe Minister of Finance, Mrs. Kemi  Adeosun has said that Nigeria does not need a Coordinating Minister of Economy to revive its economy, even as she argued that the current economic team has the capacity to do the job properly.
“There is an economic team. It is 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. So, there is an economic team. It is just a different structure from having a Coordinating Minister of the Economy (CME).”
The minister who spoke on the Channels Television programme – Sunrise – said that the budget which used to be under the Coordinating Minister of Economy has now moved to National Planning.
She said that the economic blueprint of the present economic team is very clear, adding: “we are going to invest in capital projects to ensure that we diversify this economy. We have been talking about diversification since I was a child and we haven’t achieved that.”
Adeosun said that the government is focused on revamping domestic production as part of efforts to diversify the economy.
“If we just feed ourselves rather than import food, we would create jobs and wealth. We have a huge population, a huge land mass and what is missing perhaps, is unfortunately infrastructure.” [myad]

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