Wednesday, 19 April 2017

Minister of Finance call for global support towards addressing the issue of illicit financial flows in Africa



  

  Minister of Finance, Kemi Adeosun, has called for global support towards addressing the issue of illicit financial flows in Africa.

    She added that this would help drive accelerated revenue growth and improve government’s efficiency.
   The minister stated this while addressing senior representatives of the World Bank and the International Monetary Fund during the spring meetings of both organisation in Washington DC, United States.
   Adeosun, according to a statement from her Media Adviser, Festus Akanbi, stated that addressing illicit financial flows would significantly enhance domestic government revenue and deliver sustainable economic growth.
   Commenting on the agenda to ensure significant reduction in the leakage of public funds and improve efficiency in public expenditure, Adeosun said the Federal Government had put in place measures that would now make it difficult to divert public funds.

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