Adeosun: Nigerian Economy Not Structured to Meet Demographic Needs

The Minister of Finance, Kemi Adeosun, has said the Nigerian economy is not structured to meet demographic needs of the various sectors of the economy, insisting that the oil model-based economy on which the economy was structured, has failed the country, because it never worked.

Adeosun who spoke Thursday on the state of the economy on ARISE Television, a THISDAY Newspaper sister broadcast network, said since the oil-based economy is not working for the county, what is needed is a medium term strategy that would drive infrastructure development across all sectors of the economy.

“We are carrying out a product-based approach and there are growth drivers in the economy like agriculture that we can build upon as a country. We have huge potentials in solid minerals and we have to stop illegal mining,” she said.

She explained that the customs authority was already working with state governments to stop illegal mining, and that government is committed to keeping the economy on track.

THISDAY, September 15, 2017

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now