NEWS

We Want Infrastructural Development, Not iPhones and Expensive Suits – Adeosun Tells Investors

The Minister of Finance, Kemi Adeosun, speaking on Wednesday night at a session during the International Monetary Fund (IMF)/World Bank annual meetings in Washington D.C., told multilateral donor institutions and investors that Nigeria is hungry for infrastructure that can trigger growth, not iPhones and pricey suits that will drive consumption. According to THISDAY, Adeosun made the remarks after the IMF announced that it would offer zero interest rate on its concessional lending facility from 2016 to 2018 to Nigeria and other low-income economies that are in dire nee