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Govt needs N31trn for economic recovery — Jonathan

*As Presidency adsolves him of EFCC probe of govs, other

By Daniel Idonor

ABUJA — President Goodluck Jonathan yesterday said Nigeria required an approximate sum of N31 trillion ($200 billion) investment to achieve her economic goals even as the Presidency distanced itself from claims in some quarters that President Goodluck Jonathan was using the Economic and Financial Crimes Commission, EFCC, to hunt his perceived political enemies.

Jonathan, who spoke at the opening session of the 10th meeting of the Honorary International Investor Council, HIIC, at the Presidential Villa, Abuja said the country was re-engineering its economic policies to position the country as one of the greatest economies by 2020.

According to him, some of the sectors where the government is undertaking key reforms include the areas of the Independent National Electoral Commission, INEC, power, oil and gas, banking sector as well as the capital market.

“Current estimates indicate that we require about N31 trillion or approximately $200 billion in investments to realise the economic transformation that we envision,” the president said but noted, however, that funding gaps existed in the financial estimate.”


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