ADEOSUN HOLDS FIRST FACEBOOK LIVE SESSION, says This Administration’s Committement to infrastructure Development Unprecedented.
By Festus Fifen.
In her effort to interact more with the public especially as it has to do with Government Policies and implementation, The Minister of Finance, Mrs Kemi Adeosun, held her first-ever Facebook Live session on Tuesday, April 4, 2017.
The 23-minute live broadcast through her Facebook page (Facebook.com/HMKemiAdeosun), reached an audience of more than 130,000 persons within the first hour.
In a Statement signed by the Director of information in the ministry Salisu Dambatta, The Minister kicked off the Facebook Live interaction with an overview on developments in the Nigerian economy over the past few months, highlighting the Finance Ministry’s work in supporting SMEs, creating jobs, improving transparency, cutting the cost of governance, and boosting Government revenues.
Acknowledging the challenges the Nigerian economy faced recently due to low oil prices, the Minister said: “the good news is that we are working through the issues one by one, and trying to ensure that as we rebuild the economy, we get away from the boom and bust cycle of the past — we want to build an economy where, whether oil price is high or low, there’s sustainable growth for Nigeria and for Nigerians.”
The statement quoted Mrs Adeosun as saying The Federal Government, is investing heavily in infrastructure and working to create an enabling environment for businesses. One evidence of this she said is the fact that the Ministry of Finance has so far released a Trillion Naira for infrastructure projects in the 2016 budget; a level of infrastructure investment unprecedented in Nigeria’s history.
The finance minister who also took time to respond to questions from Nigerians said one of the key priorities of this government is development of key infrastructures that will give way for a sustainable development programme.
The minister who hinted that the Buhari led administration has no intention to scrap the YouWiN entrepreneurship Programme also added that the Federal Government has reviewed the scheme and repositioned it as YouWiN!Connect, which focuses on continuous enterprise education and skills building.
According to her, As part of the restructuring, the principles of YouWiN!Connect would be incorporated into university curricula across Nigeria.
While answering a question on the economic recession, she said: “We got into recession because, for the last 10 years, even when the oil price was extremely high, and we were borrowing, our reserves were decreasing. We didn’t have enough of a productive economy. The only real thing that was happening and creating growth was the oil price, and as soon as the oil price went down, growth disappeared. What we are trying to do now is to reset the economy, so that we are not so dependent on oil.”
The Minister also revealed that efforts are on-going to improve payroll assurance through continuous audit and migration of Ministries, Departments and Agencies to the IPPIS Platform.
On the Federal Government’s Whistleblowing Policy, the Minister said it was introduced not only to recover stolen funds but to also serve as a deterrent against corrupt practices. “Just last week, a whistleblower made claims of long-term fraud and funds misappropriation in YouWiN!,” she disclosed, adding that the Government was now investigating those claims with a view to taking appropriate action.