Finance Minister Ngozi Okonjo-Iweala has said that it is going to be a difficult year because Nigeria has faced 50% fall in the price of oil and that has naturally impacted the economy.
Okonjo-Iweala made this statement during an interview with Cable News Network, she said “It’s going to be a very difficult year, we’ve had a more than 50% fall in the price of oil and that has naturally impacted the economy.”
She however gave the assurance that Nigeria is still growing and one of the 20 fastest growing economy in the world.
She said “Nigeria is actually still growing and still one of the 20 fastest growing economies in the world, we’ve had to cut back on some investments but to support growth, we’ve taken the little we have and focused on high priority, high impact investments – mostly in infrastructure and health.”