This Day
27 August 2011
Seeks further dialogue with states over SWF
The Federal Government has said it will henceforth concentrate on the execution of selected projects across the country, for which available resources could handle within life span of the present administration.
The Minister of Finance and Coordinating Minister of the Economy, Dr. (Mrs) Ngozi Okonjo-Iweala, who made the position of the government known, while speaking at the event marking the twenty years anniversary of the creation of Anambra state in Awka yesterday, also disclosed that there would be further dialogue with state governors on the disagreement over the issue of Sovereign Wealth Fund (SWF).
The minister regretted that over the years, on-going projects and those regarded as abandoned had reached 20,000 with no visible means of completing them within a short time frame.
She said what the Federal Government intended to do was to trade-off some of these projects and to execute those considered high priority to the development needs of the various zones of the country.
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