Abuja - The Federal Government has reassured that Nigeria is financially sound and has been meeting its local and international financial obligations despite dwindling revenues from crude oil exports, Punch reports.
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said the country is not broke despite the cash crunch currently being experienced contrary to reports.
Also read: Nigeria is not broke- Okonjo-Iweala
She said that with the financial assets the President Goodluck Jonathan administration had been able to build over the years, the nation’s cash flow would improve over time.
She said the fact that oil prices fell by 50 per cent makes it very difficult in terms of cash flow, but Nigeria is asset rich and that is why she marvels when people say Nigeria is broke.
Read more at Punch
- News 24