Nigeria will focus on cutting the cost of running the government rather than on slashing jobs next year, and will present its 2016 budget proposals by the end of the year, the new finance minister told Reuters on Monday.
Widespread corruption and mismanagement have stunted development in Africa’s biggest economy and left it with paltry savings, dangerously pot-holed highways and constant power outages after a period of record high oil prices.
Kemi Adeosun, the new minister appointed at the start of November, has launched an Efficiency Unit based on a UK model aimed at pinpointing spending excesses and imposing guidelines in an effort to cut the vast amount of waste.
Widespread corruption and mismanagement have stunted development in Africa’s biggest economy and left it with paltry savings, dangerously pot-holed highways and constant power outages after a period of record high oil prices.
Kemi Adeosun, the new minister appointed at the start of November, has launched an Efficiency Unit based on a UK model aimed at pinpointing spending excesses and imposing guidelines in an effort to cut the vast amount of waste.