Malami who spoke at the maiden top management retreat of the Federal Ministry of Justice held in Kano, said Nigeria's economy would have collapsed if P&ID had succeeded in enforcing an arbitral award of over $10billion.
He also said that several recoveries made by the ministry had also played major parts in keeping the economy afloat.
Malami also told those present that the sum of US$311million recovered funds were deployed into critical infrastructural projects, such as the Abuja-Kano and Lagos-Ibadan expressways, as well as the second Niger bridge.
He said;
“On economic front, we have been able to save our economy from total collapse, which would have been brought about if the P&ID had succeeded in enforcing an arbitral award of over US$10billion.
“We have also ensured the restoration of our country to the path of growth and development through the settlement of the multibillion-dollar adverse claims on the Ajaokuta steel plant.
“Our asset recovery drive has secured the sum of US$322million, which enabled the federal government to embark on empowerment programmes, which have taken over 100million persons out of poverty as part of the national social investment programmes.”
No comments:
Post a Comment