Nigeria finance chief says N1.15trn non-oil revenue outperforms target by 15.7%

ZAINAB AHMED, NIGERIA’S FI NANCE minister, has said that the country’s non-oil revenue grew to N1.15 trillion or 15.7 percent growth, outperforming the target rate set by the central government.

Ahmed, at the just-concluded Institute of Directors (IoDs) annual directors conference which had the theme, ‘Creating the Future: Deepening the Corporate Governance Practice through Multi-Sectoral and Multi-Generational Collaborations’, said the development was in line with President Muhammadu Buhari’s administration’s commitment to further diversify the Nigerian economy away from oil. She also noted that the federal government has joined hands with the private sector in the implementation of a wide range of monetary measures to stimulate economic recovery, growth and development, job creation and improving the standards of living. “Nigeria was quickly able to exit recession and is on her way to the path of sustainable growth and we are intensifying efforts to grow and diversify our revenue sources to grow revenue from the current 8 per cent.