A perception by a World Bank MD on Nigerian Economy

Dr. Ngozi Iweala was Nigeria's former Finance and Foreign minister, she was in the country over the weekend and delivered a lecture on how to bail our economy, saying that the Federal Government should take $13.3 billion of the current $20 billion balance in the account and invest it in a long term infrastructure that could grow the economy and diversify it from oil. The money was realized from the excess Crude-oil account she started while she was the Finance minister, a lot of people called the account illegal, but we are reaping the benefits of the savings that has being done, Dr. Iwaela is one of the best economist we have at our disposal, so we have to make the best use of her knowledge or else other countries that are willing to progress will use her knowledge to develop into a third world nation.

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