Finance Minister, Kemi Adeosun, Friday, explained why the Federal Government is not excited about calls to apply for loan facility from the International Monetary Fund (IMF) to tackle the economic challenges Nigeria is facing due to the slump in global oil prices.
Speaking at the ongoing Spring Meetings of the IMF/World Bank, the Minister, who was a speaker at a panel discussion on Africa titled: “Sub-Saharan Africa: Just a Rough Patch,” said Nigeria is adapting to its new realities and it is implementing fiscal policies to steer the country back on track for stable growth with a diversified economy.
The policies and investment, according to her, should enable Nigeria to show positive growth in 2017.
“Nigeria is not sick and even if we are, we have our own local remedy,” the Minister said, in an apparent response to a question on why the government has refused to apply for IMF loans.
Noting that the real vulnerability in the Nigerian economy is over-dependence on a single source of revenue, oil, she said, “We have resolved to build resilience into the country’s economy to hedge against future oil shocks. This is because dependence on oil brings about vulnerability and laziness. So we are doing a combination of things to diversify our economy, with revenue mobilisation to enable sufficient investment in developing the non-oil sectors.”
Several Injured As Thugs Attack #EndSARS Protesters, Governor Oyetola In Osun
Some of the vehicles in the Governor’s convoy were also destroyed by the thugs but the Governor himself was evacuated to safety by his security team.
As the convoy was leaving the protest venue, some of the youths continued to stone his vehicles.
While the protest was disrupted, Governor Oyetola assured the injured victims that the government would be responsible for their medical bills.
#EndSARS: Sanwo-Olu Constitutes Panel Of Enquiry
In a bid to quell the #EndSARS protest which is spreading like a raging inferno across the country, Babajide Sanwo-Olu, the Governor of Lagos State has set up a panel of inquiry and restitution for victims of SARS.
This was announced in a statewide broadcast on Thursday.
The panel will be a 7-man panel which will ensure that all those with verifiable cases of SARS brutality or fatality receive compensation.
The Panel will be chaired by retired Justice Doris Okuwobi, while members are Ebun Adegboruwa, SAN (representing the Civil Society), Taiwo Lakanu (a retired Deputy Inspector General of Police), Patience Udoh (representing the Civil Society); Segun Awosanya aka Segalink (Human Rights Activist).
Others are Olutoyin Odusanya (Director, Citizens Mediation Center), a rep/member of the youth-led protest, and a representative of the Human Rights Commission.
There will be a help desk for the complaints and petitions to the panel.
Governor Seyi Makinde Loses 81-Yr-Old Mother
Abigail Makinde, the mother of the governor of Oyo State, Seyi Makinde, is dead.
The Chief Press Secretary to Mr Makinde, Taiwo Adisa, however, told newsmen that the family will soon make an official statement on the death of the deceased.
He said: “Yes. The family will make an official statement.
“The family will soon make an official statement. In the next few minutes, the family will make an official statement, in few minutes.”
It was gathered that Mr Makinde lost his father, Olatunbosun Makinde, a few years ago.
It was learnt that Mrs Makinde died in the early hours of Thursday.
She died at the age of 81.
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