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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NIGERIANS REJOICE AS ONITSHA SEA PORT BECOMES FUNCTIONAL AFTER DECADES.{PHOTOS}.

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Onitsha sea port has become functional after it was commissioned yesterday, October 6.
Videos and photos from the scene show containers being offloaded.
According to presidential aide, Tolu Ogunlesi: "The Plan is to move containers from Lagos & Onne Ports to Onitsha by barge. For now I believe what’s being done is testing. You need to do a pilot first, assess efficiency, do troubleshooting etc, before you roll out full operations. But if it works as planned it’s gon be a BFD!!"
He added: "So someone just pointed out to me that on the Maersk website,Onitsha is now available as a port of final destination. A vessel departing Shanghai Oct 10 (this Sat) has Onitsha listed as terminal port (arrival Dec 2, 2020)."
The Onitsha sea port has been non-functional for decades and Nigerians took to Twitter to rejoice after it was commissioned.
Below are Twitter reactions and photos...
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