Finance Minister, Kemi Adeosun, on Wednesday, cleared the air on allegation that she hired a British Public Relation consultant, Africa Practice, which the ministry is paying a whopping sum of $2m monthly to.
Admitting that the finance ministry hired Africa Practice, the minister, however, faulted claims that it(ministry) pays $2m monthly to the PR firm in a statement issued by Director of Information at the ministry, Salisu Na’Inna Dambatta.
The statement said the PR firm was hired at N25 million per year or N2.083m per month for the next four years, adding “the ministry and the hired partners have succeeded in raising $1.5 billion for the country, with more to come.”
It reads further, “The Public Relations firm, Africa Practice, has been retained by the Federal Government on the approval of the Federal Executive Council to work with the Debt Management Office as part of the Eurobond programme for a three-year period alongside four other firms.
“The representative of Africa Practice was in Washington DC in continuation of the Eurobond programme and in support of the country’s outreach with international investors who showed great enthusiasm to do business with Nigeria.
“However, the false story has not dimmed the successful participation of the Nigerian delegation in the World Bank and IMF Spring meetings, nor questioned the obvious gains made by Nigeria in the course of the meetings as widely reported by correspondents of Nigerian media houses that covered the meetings.”