The Minister of Finance, Kemi Adeosun has rejected insinuations that President Muhammadu Buhari administration is not spending enough, contending that rather, those spendings end up in little pockets that the country is not aggregating.
Adeosun gave the position on the nation’s economy when she received America business mogul, Bill Gates, at her office in Abuja, on Thursday.
Giving her assessment on the impact of the spending by the Buhari-led government, Adeosun noted that a lot of leakages still exists, which needed to be plugged to a solid structure for Nigerian economy.
“The general narrative is that we are not spending enough. I’m not sure that is the case, we are not spending well. There is a lot of spending in little pockets that we are not aggregating, we are not questioning the value delivery for it and therefore there is a lot of leakages in those sectors,” the minister said.
Adeosun perception runs contrary to the claim of the All Progressives Congress (APC) controlled government, who have at various times took credit for blocking leakages, which it is believed costed Nigeria developmental strides in the past.
The minister, who also raised issue of value as an impediment to the nation’s economic growth, noted that while Nigeria is a big economy, it is yet to get value for such standing.
“There is a value issue, there is value for money, we are a big economy, many of the vaccines are imported the ministry of health is working to resurrect local vaccine production,” she pointed out, adding that “We are making sure that only do we have the money but spend it well.”
Continuing, she said, “So primary health, basic education is at the local government level and in terms of the revenue, so we have got a huge responsibility not matched by adequate revenue.
“We need reforms. Some of it, legislative and constitutional to build institutions that can deliver these very fundamental needs for our people.”
As part of efforts to solve the problems of funding basic health care, Adeosun detailed government intense drive to get Nigerians to pay their taxes.
In a meeting with top government functionary earlier, Bill Gates who have expressed concerns at the spendings of the government, which he said doesn’t really address the needs of Nigerians, observed that Nigeria is one of the worst places in the world to give birth.