JUST IN: Nigeria Is not Broke — Finance Minister Insists

The Minister of Finance, Budget, and National Planning, Dr. Zainab Ahmed has said the Country is not broke.

Despite the rising cost of Iiving which has pushed the majority of Nigerians into multidimensional poverty the finance minister has insisted that Nigeria is not broke.

The Minister made the declaration at a news conference in Abuja to unveil the administration’s scorecard in the sector from 2015 to date.

The Minister, who was flanked by her information counterpart, Alhaji Lai Mohammed, however, admitted that Nigeria only has some revenue challenges to meet its obligations.

She noted that the country continues to disburse funds to the three tiers of government from the Federation Accounts Allocation Committee (FAAC).