Nigeria: Financial Crisis - Govt Must Tighten Belt, Says Okonjo-Iweala

15 October 2008

Washington D.C. — To successfully weather the consequences of the global financial crisis, falling oil prices and recession in the developed world, Nigeria will have to tighten its belt in the area of spending, former Minister of Finance and Managing Director of the World Bank, Dr. Ngozi Okonjo-Iweala, has said.

Okonjo-Iweala offered this piece of advice yesterday during an interaction with journalists attending the World Bank and International Monetary Fund (IMF) annual meetings in Washington D.C.

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