Nigeria in serious cash crisis, says Okonjo-Iweala

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Ngozi Okonjo-Iweala, Nigeria’s Finance Minister
Nigeria’s former Finance Minister Ngozi Okonjo-Iweala said her successor will face a “difficult” year because of plunging oil revenues and the economy needs expert management to weather the storm.
“We have a serious situation with a cash crunch,” she said in an interview with Bloomberg in Cape Town, South Africa at the World Economic Forum on Africa.
“But fundamentally, the economy is strong. If we can get through the cash crunch, manage the way through, build on some of the assets we have, by next year, things will be better.”
Nigeria is struggling in the face of a 40 …Read More

Source:: PM Newspaper