Nigeria’s Finance Minister, Kemi Adeosun, has disclosed that raising the country’s non-oil revenue is her top priority.
“Forget about oil — we don’t control the price of oil. That’s not where our problems lie,” Ms Adeosun said according to Financial Times. “Because of oil, we’ve ignored everything else,” she said.
With a mindset of “we have oil” Abuja had practically given up collecting the right amounts from other state bodies, she explained, rattling off a list of federal agencies she says had habitually under-reported their revenues.
She added that she had already begun “drilling down into the details” with ministry staff to assess how much “parastatals” — state-run or affiliated agencies — remit to the government.
She also praised the lack of pomp and circumstance at the ministerial swearing in ceremony, a sharp contrast to state ceremonies of past governments. “The programme was a piece of paper, that’s it,” she said.
This isn’t the first time there’ll be calls for the diversification of the country’s economy, ex Finance Minister, Ngozi Okonjo-Iweala also mentioned it.