Adeosun sets out plan to restructure economy

THE Minister of Finance, Kemi Adeosun, has set out the government’s plan to reset Nigeria’s economy with structured borrowing, targeted investment and diversified growth. Speaking to some of the country’s most influential captains of industry, in Lagos at the Lagos Business School breakfast meeting, the inister told the audience: “We have inherited a set of conditions that requires us to refine how we collectively work towards ushering in a new era in Nigeria.” Minister of Finance, Kemi AdeosunMinister of Finance, Kemi Adeosun Pointing to the impact of falling global oil prices on the economy, Adeosun said: “In the past, we had the means but not the will. Now we have the will but we no longer have the money to invest. The safety blanket of oil has been ripped away, laying the poverty of Nigeria’s institutions bare. “We have spent too many years tinkering at the edges of our institutions, our infrastructure and our economy and that the mistakes and misjudgements of the last 40 years have set our clocks back by decades.”
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