The President said apart from saving $500m in the Sovereign Wealth Fund and investing another $500m in the SWF, the country’s external reserve presently stands at $35bn, the highest in the past four years.
According to him, the Federal Government has saved about N18bn within one year after the establishment of an Efficiency Unit under the Federal Ministry of Finance in early 2016 to reduce wastage, plug leakages and foster greater fiscal transparency
esident Muhammdu Buhari assured Nigerians on Saturday that the country’s economy was doing well.
The President said apart from saving $500m in the Sovereign Wealth Fund and investing another $500m in the SWF, the country’s external reserve presently stands at $35bn, the highest in the past four years.
According to him, the Federal Government has saved about N18bn within one year after the establishment of an Efficiency Unit under the Federal Ministry of Finance in early 2016 to reduce wastage, plug leakages and foster greater fiscal transparency.
He said over 461 federal MDAs had been captured on the system thus far, with the objective of being able to enroll all of them.
Source: ( Punch Newspaper )