Okonjo-Iweala says Nigeria needs $5bn to sustain economy, insists country not broke

 

The minister of finance and coordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has disclosed that for Nigeria to sustain its present economic stability, about $5 billion should be put in the excess crude, account which has been depleted to $4.1 billion.

Speaking when she appeared before the Senate Committee on Finance and National Planning on the 2015-2017 Medium Term Expenditure Framework (MTEF) as a working document for the 2015 budget, she said that the constant sharing of money from the fund had left it low.

She, however, maintained that Nigeria was not broke.