Thursday, August 25, 2011

How govt will retool economy, by Okonjo–Iweala

25 August 2011

 CO-ORDINATING Minister of the Economy and the Minister of Finance, Dr. (Mrs.) Ngozi Okonjo-Iweala yesterday unveiled the retooling strategy of the Nigerian economy by the Economic Management Team, listing eight main priority areas that will receive major attention.

The areas include infrastructure, particularly on the completion of very key on-going projects; security, to guarantee safety of lives and property so as to attract investors; agriculture, to be assured of food security, rein in soaring prices and transform it to be a job creator by up-scaling production, processing, marketing and export of the products.

Other key areas are manufacturing; housing and construction, to introduce a regime of cheap and affordable housing through mortgage; entertainment; education and health; and investment in oil and gas.

The minister said: “The President’s vision is to put the Nigerian economy back on track and this means that the Team has to execute the President’s agenda because he is the driver of this programme and we have to have ways and means of doing it. And like I said, the central theme is to create jobs and fix the critical infrastructure. At the end of the day, what we want to achieve is to make a difference in the lives of Nigerians.

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