‘We are building macro economic resilience to enhance reserves’ - News Summed Up

‘We are building macro economic resilience to enhance reserves’


As I said earlier, we have increased the allocation to infrastructure in the budget from 10 per cent to 30 per cent. The Administration of President Muhammadu Buhari has succeeded in building macroeconomic resilience for Nigeria, particularly revising the funding mix, rebuilding fiscal buffers, enhancing reserves and focusing on import substitution strategies. Ghana is at 68 per cent, Ethiopia is at 50 per cent, and Nigeria is at 20 per cent. As you know, many of these projects are multi-year projects so hopefully there wouldn’t be too much disruption. Many of the projects like the rail projects, power projects are multi-year projects so we will continue working.


Source: Nigerian Tribune May 28, 2018 00:45 UTC



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