The Minister of Finance, Dr
Okonjo-Iweala said this at the 50th Anniversary Dinner of the bank organised by its country office in
The minister also said that the Federal Government had a
She explained that
Okonjo-Iweala said that the country had been committed to the development course of the bank since 1986 when the country established a
We set up this money as a means of helping countries that were less fortunate and ourselves at the height of the oil boom of the 1970s," she said.
The minister said that the trust fund started with about
Okonjo-Iweala said that the fund had serviced and benefited so many countries with 88 key operations among 34 regional member countries.
She said the country also accompanied the fund with a trust fund called the
This fund is to assist in the preparation and implementation of development projects and programmes of countries that are less fortunate than ourselves and poorer countries within the continent, " she said.
Okonjo-Iweala said the country maintained a strong macro-economic stance which had given her a platform within which to leverage the needed structural and sectoral reforms in key sectors.
She said that the diversification of the economy really showed off in the rebasing exercise which showed that the service sector was the leading sector of at 51 per cent.
According to her, the economy is well diversified in agriculture, manufacturing and even sectors that
The coordinating minister for the economy disclosed that the Federal Government was building its own
She said the AfDB and the
According to her, the AfDB is putting in
So, by the beginning of 2015,
Okonjo-Iweala said that small and medium size enterprises, manufacturers and other businesses would be able to get resources at seven to 10 years tenor at reasonable terms of interest. (NAN)
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