Inflation has continually declined since 2017 from 18.72 per cent to 11.08 per cent in July 2019, Mrs Ahmed told the NEC, headed by Vice President Yemi Osinbajo.
Details of Mrs Ahmed’s presentation and that of others were sent to PREMIUM TIMES by Mr Osinbajo’s spokesperson, Laolu Akande.Contribution of the non-oil sector to GDP has increased from 90.4 per cent in Q1 2018 to 90.9 per cent in Q1 2019, she said.The Committee requested for extension of time to finalise and present its report next meeting.
· Recurring conflicts between farmers and herdsmen, as well as incidences of flooding, has affected agricultural products. · Breaches in NNPC pipelines still regular, partly accounting for low oil production volume in the first half of the year.· The draft 2020 – 2022 Medium Term Fiscal framework indicates that Nigeria faces significant medium term fiscal challenges especially with respect to revenue generation. Therefore there is a need to improve revenue collections and expenditure management.
· Need to take ba old decision and urgent action to achieve fiscal sustainability and macro-fiscal objectives.
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