Breaking
[BREAKING] Obasanjo too busy to notice Buhari’s efforts in economy – Lai Mohammed
The Federal Government on Wednesday said former President Olusegun Obasanjo might have been too busy to notice the efforts being made by the Muhammadu Buhari administration to revamp the nation’s economy.
The Minister of Information and Culture, Alhaji Lai Mohammed, said this while addressing State House correspondents at the end of the weekly meeting of the Federal Executive Council at the Presidential Villa, Abuja.
The minister, however, commended Obasanjo for lauding the administration’s efforts to fight corruption and insecurity.
He was reacting to a statement in which Obasanjo asked Buhari not to seek second term.
READ ALSO: Obasanjo to Buhari: Don’t contest in 2019
Listing some of the achievements of the present administration, Mohammed said foreign reserves peaked at $40bn, the highest level in about four years, and up from $24bn just a year ago, even though the price of oil had crashed woefully.
He quoted the National Bureau of Statistics as reporting that inflation has fallen for 11 consecutive months, standing at 15.37% as at December 2017, describing it as the lowest inflation rate since January 2017.
This, he said, had met and surpassed the target set for inflation in the administration’s Economic Recovery and Growth Plan.
READ ALSO: There is nothing new for you to conquer after OBJ, IGoDie writes Buhari
He added that the determined implementation of the Treasury Single Account has stopped the haemorrhaging of the treasury, disclosing that N108m has been saved from the removal of maintenance fees payable to banks, pre-TSA.
The nation, he said, was saving N24.7bn monthly with the full implementation of the TSA.
He said the elimination of ghost workers has saved the nation N120bn.
-
News18 hours ago
Tinubu appoints new chairman for code of conduct bureau
-
featured17 hours ago
Song lyrics are now simpler, angrier, more self-obsessed – Study
-
News19 hours ago
Nationwide blackout imminent as national grid collapses
-
Entertainment19 hours ago
Why I became transgender – Bobrisky
-
News19 hours ago
Easter: IGP assures police commitment to public safety
-
News8 hours ago
Lagos postpones Easter boat race
-
Entertainment4 hours ago
50 Cent’s ex- girlfriend accuses him of sexually assault, rape
-
News6 hours ago
Speaker Abbas, Deputy Barau, Buhari celebrate Tinubu’s 72nd birthday