Okonjo-Iweala Challenges African Leaders On Job Creation

Ngozi-Okonjo-Iweala-#WEFAfricaThe Minister of Finance, Dr. Ngozi Okonjo-Iweala, has challenged African leaders to put in place measures that will address the glaring inequalities on the continent.

The minister who spoke during one of the sessions of the World Economic Forum on Africa, identified security, unemployment and infrastructural development as one of the issues that must be prioritised if the young and vulnerable must feel the impact of government.

The minister said “we recognise that Africa is not rising for everybody; that some people are left behind” adding that “there is inequality, we have been growing and the society has become more unequal and we have realised and recognised that we are not creating enough jobs for the number of jobs needed and some have fallen off the train; those at the bottom end of the ladder”.

She further noted that “these challenges are longer term” insisting that “right now we also face the short term challenge of security and that has to be dealt with. To be able to have good development, you need to be in a secure environment”.

“That is why we have to do the maximum to bring our girls home, it is vital that we do the maximum to once again make Nigerians feel confident and safe in themselves” adding that “those are the short term challenges we must deal with”, she said.

Okonjo-Iweala however noted that “some of the long term challenges that we have to deal with is reversing inequality and also lifting those at the bottom end of the ladder. That can also not be forgotten because some of them will help us make sure that issues such as are occurring now will not happen.

“So we need to do in parallel two things, one, deal with short term problems but at the same time tackle the longer term ones” she said.

NEC Calls For Seperation Of Excess Crude Accounts, Stop Incessant Conflicts

Godswill AkpabioThe National Economic Council has called for the separation of the excess crude accounts from the Sure-P account for easy accountability. This was one of the decisions taken at the first meeting of the council in the New Year in the presidential villa.

Briefing state house correspondents after the meeting, Akwa Ibom state governor Godswill Akpabio said that council was worried at the litigation following the excess crude accounts that action be expedited to enable the account to be put into proper use.

The decision of council follows a briefing by the Minister of Finance and the coordinating Minister for the Economy, Ngozi Okonjo Iweala stating that the excess crude account now stands at 3.5 billion dollars after the removal of the Sure-P money.

Also the council set up a ten man committee to fast track recommendations on the management of the incessant conflicts between crop farmers and herdsmen across the country.

The governor of Benue state has been drafted into the committee which also comprises the Minister of Agriculture, Environment, Science and Technology, Interior, Water Resources and National Planning.

Other members include the National Security Adviser, Director General, National Orientation Agency and representatives of each state of the federation

NEC identified that 17 states have so far been affected by the conflict and expressed worry that the conflict is spreading like wild fire.