Nigeria's finance minister makes non-oil revenues top priority

Kemi Adeosun, Nigeria’s new finance minister, during the cabinet swearing-in ceremony in Abuja this month

Nigeria’s new finance minister said raising non-oil revenues was her top priority, as the slump in oil prices continues to take its toll on Africa’s biggest crude exporter.

Kemi Adeosun, a 48-year-old British-born accountant, was sworn in last week by President Muhammadu Buhari nearly six months after the former military ruler took office — a delay that led some critics to complain of a policy vacuum in Africa’s larger economy.

She told the Financial Times that stricter enforcement of earnings collection from federal agencies and more diligent bookkeeping were the types of “micro” issues her ministry would focus on to mitigate the effects of crude prices that remain below $50 a barrel.

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