Dr Ngozi Okonjo-Iweala the Minister Of Finance on Wednesday demounce the news that there were some cashmissing from the surplus Crude Account as according to some national dailies.
Okonjo-Iweala disclosed this whereas presenting the planned 2015 budget in Nigerian capital, Abuja.
According to her, reports that one billion was missing from the account was a wrong information.
“Today I had seen a headline that said that there is one billion dollars missing in the Excess Crude Account.
I simply need to use this occasion to correct that and say that there's fully no cash missing and that i don't grasp wherever that notion came from.
This is why you currently have regarding $3.1 billion within the ECA and that i can plead that if folks would like info on what's happening, we tend to answer the queries.
We should not frighten the country by creating headlines that are untrue and phoney,” she said.
The minister same those forms of info were designed to form concern and panic however stressed that panic wasn't a method.
“As I said earlier, panic is not a strategy; what is necessary is a systematic and focused approach to the problem and that is what this government is proposing.
We should see this difficult times as chance to additional move this economy on the proper track and lots of commentators have conjointly same this.
Luckily this administration had taken to diversification seriously and begun to form inroads before now,” Okonjo-Iweala same.
Okonjo-Iweala, however, warned Nigerians to use caution of these critics whose analysis weren't solely phoney however conjointly not supported on facts.
She same the national was hospitable constructive criticism and prepared to pay attention to them and provides advices.
“I need to use this chance to mention that we must always watch out for plenty of information on what this economic state of affairs portends
We need to use caution as a result of there's plenty of recommendation flying around that will not work for United States of America.
We need to open our eyes and ears to smart criticism; well offered recommendation and take them,” she finished.
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