• Nigeria’s future can no longer depend on oil revenue – Fashola

    Nigeria’s future can no longer depend on oil revenue – Fashola

    Minister of Power, Works and Housing, Babatunde Fashola (SAN), has said that Nigeria could no longer build its future on oil revenue following the fall in global price of oil.

    The minister spoke on Hard Talk, a weekly programme on British Broadcasting Corporation (BBC) monitored by NE in Abuja on Wednesday.

    He stated that Nigeria failed to spend oil money wisely by building infrastructure despite making huge profits from oil in the past.

    The minister specifically blamed the last administration of President Goodluck […]

  • Nigeria can no longer rely on oil – Adeosun

    Nigeria can no longer rely on oil – Adeosun

    Minister of Finance, Mrs. Kemi Adeosun on Thursday said the economy of Nigeria can no longer revolve around oil.

    Adeosun is currently briefing the Senate at the hallowed chambers of the National Assembly.

    According to her, a total of N247.7 billion has so far been released as capital expenditure, with plans to release N70 billion very soon.

    The Minister stated that the current government will continue to release funds when “the nation’s situation improves,”

    Adeosun who started talking 12.05pm is still being questioned by […]