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  emerging market growth rates, our domestic security challenges, declining oil prices, and the attendant diffi find culties in providing foreign exchange to meet market demands, the Nigerian economy grew by 2.84% in the third quarter of 2015. 9. We have, and will continue to implement strategies that will maintain macroeconomic stability and manage the oil price shocks we are experiencing. 10. Upon the inauguration of this administration on 29th May 2015, we engaged key stakeholders from various sectors of our economy and interfaced with the heads of Ministries, Departments and Agencies (MDAs) in order to understand the true state of our nat house ion. What we found prompted us to take certain strategic decisions. 11. On the economy, we injected new leadership at the helm of our revenue generating agencies including the Fed business eral Inland Revenue Service (FIRS), Nigerian National Petroleum Corporation (NNPC), Nigerian Communications Commission (NCC), and t...

  I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session of the National Assembly. I have come here today, not only to address members of the National Assembly, but also to speak directly to the men and women who placed us here. 2. I know the state of our economy is a source of concern for many. This has been further worsened by the unbridled corruption and security challenges we have faced in the last few years. From those who have lost their jobs, to those young people who have never had a job, to the find people in the North East whose families and businesses were destroyed by insurgents, this has been a difficult period in our nation’s history, lessons that we must not forget or ignore, as we plan for the future. 3. By June 2014, oil prices averaged $112 per barrel. But as at today, the price is under $39 per barrel. This huge dec house line is having a painful effect on our economy. Consumption has decl...

  I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session of the National Assembly. I have come here today, not only to address usatimes.cc members of the National Assembly, but also to speak directly to the men and women who placed us here. 2. I know the state of our economy is a source of concern for many. This has been further worsened by the unbridled corruption and security challenges we have faced in the last few years. From those who have lost their jobs, to those young people who have never had a job, to the people in the North East whose families and businesses were destroyed by insurgents, this has been a difficult period in our nation’s history, lessons that we must not forget or ignore, as we plan for the future. 3. By June 2014, oil prices averaged $112 per barrel. But as at today, the price is under $39 per barrel. This huge decline is having a painful effect on our economy. Consumption has d usanew...

  I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session of the National Assembly. I have come here today, not only to address members of the National Assembly, but also to speak directly to the men and women who placed us here. 2. I know the state of our economy is a source of concern for many. This has been further worsened by the unbrid webapex.net led corruption and security challenges we have faced in the last few years. From those who have lost their jobs, to those young people who have never had a job, to the people in the North East whose families and businesses were destroyed by insurgents, this has been a difficult period in our nation’s history, lessons that we must not forget or ignore, as we plan for the future. 3. By June 2014, oil prices averaged $112 per barrel. But as at today, the price is under $39 per barrel. This huge westernmagazine.org decline is having a painful effect on our economy....