“The quantitative easing that is being implemented by central banks across the world also contributes to the high cost of interest, resulting in the high inflation rate, and which means people’s spending power is weakened. So these are all indications that there will be a global recession.”
She said, “It is true that’s our reserves during the first global recession. Our reserves are now down to $34bn, and that is still a healthy level. It means we are able to meet at least six months of imports and other expenses into the country. She added, “Also, at that time we were able to scale back on some categories of government spending to enable us to invest more in the healthcare sector. So with the right policies we can weather another global recession.”Reacting to concerns that the Federal Government’s revenue projection of over N10tn for 2023 was too optimistic, Ahmed stated that a lot of measures were on the ground to realise this target.
“So there are some foundational measures that have been taken that have enabled the non-oil sector revenue to grow on a consistent basis, and not just by a little number, but a quite significant number.” The minister added, “Most of the fields that were previously not producing at the levels that they were supposed to produce, can now produce at maximum capacity. And also, oil price in the international market is still at a very reasonably high level.
Source: Loan Digest (loandigest.net)
This is what happens when you vote for tribe or religion instead of competence.
Pls stop borrowing money for fuel subsidy because we are buying fuel at the rate of 250 already. Thanks for your support...
Tinibu said you people are chopping, it is his turn to chop now. Make una continue to borrow and chop
This woman is only on news for bad reasons always, subsidy is indeed a scam. E nor go better for anybody wen still dey push for APC's return to govt
E get wetin federal government bor dey borrow for?..
This woman Na just fine face with empty brain, no wonder we are in this mess in Nigeria. How can you borrow to import fuel, ain't you ashamed to talk trash, abeg koshilo
Look at Nigeria this colonial bastard, rogue country. I’ve told you many times, they borrow and print useless money to run Nigeria, not really run to pay politicians to keep them playing and propagating the idea of democracy and elections.
Na their final cashout dem wan do forget about what this foolish woman is saying
Yet fuel is still scarce
Shame
Dis country it's like they're talking to children 😂😂😂😂
Borrowing to import or borrowing to steal
Buhari and APC have killed this country!
Good biznes sense.. Dummies
Lord have Mercy please. 😥😥
Unprecendeted malfeasance by the ill-fated APC regime that has plunged Nigeria into economic darkness and obliterated our national wealth! Pls we need an honest team, not Mr Integrity Buhari-led of scammers, or morbidly corrupt Atiku & Tinubu. We must vote wisely.
Madam minister pls try borrow shame at times, it is important in life
Madam Buhari Government is way too corrupt and incompetent
This stealing never do una?
What kind of people are you, everything borrow borrowing borrowed. Why ?
Doesn't make sense...
Sick people.
God forbid you and your APC 😏
Fuel u r selling to other African nations..... Una never ready at all
Are people not ashame to say this in the public? How does it sound that you borrow money to buy what you produce? Ah, God pls let Peter Obi take over to correct all these.....
See stupid minister ooo
Borrowing for CONSUMPTION... with PeterObiForPresident2023 we will change the narrative. From consumption to PRODUCTION. I am the president of Nigeria through PETER GREGORY OBI. *Collect ur money and VOTE WISELY guys. Here 👇🏽👇🏽👇🏽
This womN suppose they part of those people we suppose send go Jail .
Make una End Subsidy, una refuse dey borrow to steal and keep the country for bondage
They will Not borrow to renovate the refineries so as to stop fuel importation. Sick regime
Just negodi this fools
This lady is a Grade A olodo, werey.
I hate this ministers with passion
Nigeria as a country always borrow in everything
Unfortunately for you, you didn't put your head down to learn how to be a good economy manager from your erstwhile boss, Ngozi O-I.
Be your own judge
hmmm... this is what we should be discussing during this election cycle but alas we have allowed the APC to get away discussing irrelevant issues from tribes to what not!
Nigeria is BORROWING for CONSUMPTIONS! Under APC, Nigeria has gone down the drain and yet many Nigerians want to bring in another calamity in BAT. I pity my people for their lack of knowledge. Vote wisely
And yet some people wants to vote APC because their flag bearer is from their region.
I thought we were done with all these borrowing?
Shame.
You see what is happening. Nigeria where are we going
😂
How much fuel does NNPC import?
People read this type of report yet clamor for APC to retain power while some are campaigning for a known SPV rogue…. We have a whole lot of crazy people in this country
Shameless people
What! And we can't even see the fuel to buy at official price only black market.
Arrant rubbish
I need to slap this woman one day for coming to lie to nigerians, buhari regime is the most corrupted regime nigeria had ever witness.
Why would Nigeria import fuel in the first place, criminals
Failures
borrowing to import what it has which you ve refused it to be refined in this country,May the GoodLord increase ur burden as you all ve done to this country
When Peter obi is president...you will account for everything you did...
Anybody still supporting this pdp and apc is mad
More like borrowing to steal.
Continue borrowing wicked leaders while you are sending our oil to india and sri lankan
Borrowing to do everything, is that not a failure in governance?
God will help this country Meanwhile let's try and help ourselves Invest the little money you have cause you don't know about tomorrow Check my profile to learn affiliate marketing
You have this crude oil but no functioning refineries, you are then borrowing money to import fuel, something that you'd have had in abundance if only you could refine by yourselves. It's a big shame what this country is.
This particular woman is a calamity to this country 💔
Is like this people are mad
Mad people everywhere 😡
I don't get it right now, why don't u borrow to produce fuel, since you have crude, aleast others will have job and subsequently pay for the loan...who dey do us this thing.. habaa
Said the Petroleum Minister who said subsidy is a scam 🤦🏾♂️
There's God o!
Please madam minister you should be hiding your face in shame. After all the lie... you all still failed.
No be juju be that?
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: thecableng - 🏆 2. / 80 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »