Challenges The minister enumerated some of the challenges facing the country to include, over-dependence on oil revenues, the lopsidedness of the public expenditures, the budget formulation process and the need to improve the actual public financial management system. She, however, said that despite these daunting challenges, there is progress in agriculture, housing and real estate, manufacturing and diversifying the economy away from oil and improving the non-oil tax revenue collection. Vice President Namadi Sambo, in his speech read on his behalf by Minister of Economic Planning, Dr. Shamsudeen Usman, said some of the reforms in public financial management already taken by the present administration had started yielding results.
Posted on: Wed, 14 Aug 2013 17:04:11 +0000
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