Minister of Budget and National Planning, Mr Udoma Udo Udoma, has blamed the slow growth of Nigeria’s economy on weak production and manufacturing sector.
Udoma told members of The Situation Room, a civil society group, on Tuesday in Abuja, that economic downturn had made the Federal Government to focus on the fundamentals of issues frustrating the system.
According to him, the government noted these factors and planned the 2017 Budget to address the challenges and restore the economy to the path of diversified, sustainable and inclusive growth.
“The flaws with the Nigerian economy is simply not producing enough, not growing enough, and not manufacturing enough.
“We simply were not producing; we were just consuming and that was the fundamental flaw and crude oil simply papered it over.
“So, in any way, it…
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