2015-01-08 16:15
Lagos – Minister of Finance, Ngozi Okonjo-Iweala has disputed
former President Olusegun Obasanjo’s claims that the Goodluck Jonathan
administration squandered the country’s reserves, Premium Times reports.
Obasanjo
said in a meeting with South West women leaders in Abeokuta that $67
billion that was left in the foreign reserve account by his
administration was depleted by Jonathan’s government.
In
a statement, Okonjo-Iweala said that the present government only
inherited $43.13 billion and that part of the foreign reserves were used
by the Central Bank of Nigeria (CBN) to stabilize the Naira, and the
balance fluctuates with the swinging of the crude oil prices.
She
also said that funds were used to pay for fuel subsidies to petroleum
marketers to ensure that there was a greater supply of fuel in the
country..
Read more at Premium Times
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