FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...

MUGABE'S SOUND MIND WAS QUESTIONED,AFTER HE MADE A PUBLIC WRONG SPEECH YESTERDAY.

                  Yesterday tuesday,91 year old Zimbabwe President,Robert Mugabe read out a wrong speech at the opening of parliament,an error which the main opposition quickly used to question whether he is of sound mind.Mugabe who is termed as the oldest ruler in Africa since 1980,delivered the same speech he gave on August 25,pinning his hopes on China t help revive Zimbabwe's struggling economy.Mugabe finished the speech without interruption and his spokesman blamed officials,adding that the president would read the correct speech at a later date.His spokesman George Charamba said ''The mix up happened in his secretarial office.Therefore the delivery in Parliament should be set aside''.But the main opposition Movement for Democratic Change {MDC},which is critical of Mugabe's long rule,said the blunder called into question his fitness to hold office.Mugabe shows no visible signs of illness and has denied reports that he suffers from prostate cancer,and he also dismissed a fall at Harare airport on 4th of April as a simple slip.

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