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...
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NIGERIA WILL PREVAIL OVER BOKO HARAM, PRESIDENT BUHARI ASSURES.#PRESS RELEASE.

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       President Muhammadu Buhari has expressed deep shock over the killing of military personnel in Metele village of Borno State by Boko Haram terrorists, assuring at the same time that immediate measures are being taken to ensure that the loopholes which led to the fatalities are blocked once and for all.
Reacting to the tragic incident, the President said that his administration remains ever committed and focused on the security of military personnel and other citizens.
According to President Buhari, "No responsible Commander-in-Chief would rest on his oars or fold his hands to allow terrorists to endanger the lives of its military personnel and other citizens. Our loyal forces have proved their strength over the terrorists and we are ready to give them all the needed support in terms of equipment and manpower to succeed in ending the renewed threat. In the coming days, I am engaging the Military and Intelligence Chiefs in extensive discussions on the next steps we shall be taking.”
The President noted that fighting terrorism has taken a global dimension, which necessitates international collaboration among states facing similar security challenges.
President Buhari reassured Nigerians of his continued commitment to their security and of his efforts to sustain the momentum in the previous significant successes recorded against the terrorists.
He, however, advised Nigerians against making a political capital out of national tragedy, stressing that members of the armed forces are one family who are commonly committed to the security and safety of all Nigerians.
GARBA SHEHU
Senior Special Assistant to the President
(Media & Publicity)  
November 24, 2018
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