Finance Minister Says Non-oil Revenues Have Grown To N1.15 Trillion

Finance Minister Says Non-oil Revenues Have Grown To N1.15 Trillion

The Minister of Finance said that non-oil revenue has increased to N1.15 trillion.

According to NAIRAMETRICS, the Minister of Finance, Budget and National Planning, Zainab Ahmed disclosed this at the Institute of Directors (IoD) 2021 Annual Directors Conference organised physically and virtually on Wednesday in Abuja. Information Guide Nigeria

NAIRAMETRICS reports that the theme of the event was, β€œCreating the Future: Deepening the Corporate Governance Practice through Multi-Sectoral and Multi-Generational Collaborations”.

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According to the minister, non-oil revenue growth showed Nigeria’s resilience in recovery from recession from pandemic which brought challenges to global economies. Jamb Result

Ahmed said: β€œNigeria was quickly able to exit recession and is on her way to path of sustainable growth and we are intensifying efforts to grow and diversify our revenue sources to grow revenue from the current 8%.

β€œOur non-oil revenues have grown to N1.15 trillion, representing 15.7% above set target.

β€œWe are working on the 2021 finance bill and it’s nearing completion.

β€œAlso, the recent approval of the medium-term national development plan is an important milestone of Buhari’s commitment to delivering sustainable growth and we require strong support and monitoring during implementation”.

NAIRAMETRICS reports that the minister added that the recently launched Infrastructural Corporation of Nigeria (InfraCo), would increase investments in the Nigerian infrastructure sector and enhance growth in key sectors of the Nigerian economy.

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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