Nigeria Economy To Be Driven By Non Oil Revenue In 2015- Finance Minister

          


The coordinating Minister of Finance and Economy Ngozi Okonjo-Iweala said on Wednesday that the Federal Government will diversify the Economy of the country by focusing on non oil sector,this she hope could be achieved  through aggressive taxes

She stated this in an interview with journalist shortly after her presentation of the 2015 budget to both chambers of the National Assembly.

She added that the budget was design to protect the average Nigerian since its focuses on diversification, she express high hope of it  been successful since food prices have not risen despite Naira devaluation

The minister said, “If you check all around the markets, you will observe that the average Nigerian is still enjoying stable food prices. In some places like Enugu, the price of Gaari has even fallen.

“Inflation rate as estimated by the National Bureau of Statistics has fallen from 8.1 to 7.9 percent. This budget really focuses on moving us to diversify economy and raise non oil revenue.

"We have made up for the fall of $13 per barrel, by raising non oil revenue through various types of taxes and policies. The surcharge on luxury goods is there, plus additional tax efforts to close leakages in revenue.”


NA NOW DAY BREAK UNA........