As
the impact of oil price slide in the international market bites harder,
the Coordinating Minister for the Economy and Minister of Finance, Dr.
Ngozi Okonjo-Iweala has called on Nigerians not to panic, reassuring
that the nation’s financial team has put in place strategies to manage
oil prices as low as $60 per barrel.
Saying the recent drop in
oil price did not come as a surprise and as such there is no need for
the nation to panic, she pointed out that what was needed was a
systematic and focused approach to overcome the development.
“This is what we have. Our fiscal measures comprise both revenue and expenditure effort.
Our
scenario-based approach to managing the impact of the oil price drop is
proactive and comprehensive. Even if the price drops to 60 dollars we
are ready.
“Panic is not a strategy. We are managing the
situation to keep the economy on a stable sustainable course and we will
not listen to those who want us to throw up our hands in despair and
give up.
0 comments:
Post a Comment
what is your reaction to this ?