Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said that President Bola Ahmed Tinubu is working a way to move a lot of Nigerians out of poverty.
Edun disclosed this yesterday in Bauchi during the opening ceremony of the 2024 National Council on Finance and Economic Development (NACOFED)’s conference, with theme: Fostering Economic Growth in Challenging Times: Strategies for Policies and Partnership for Fiscal Sustainability & National Development.
The Minister explained that the president is leaving no stone unturned in order to ensure that life is made easy for Nigerians by coming up with policies and programmes that would be beneficial to all.
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According him, “President Tinubu’s administration inherited assets and liabilities and there was no looking back but it’s a question of charting a way of looking forward and making plans in order to first of all stabilise the economy.
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“He is working hard to get investments through private sector investors both domestically and foreign direct investors to increase the productivity of Nigeria, grow the economy, create jobs and of course move a large number of people out of poverty. When you try to look at where we are now, essentially, the major macro economic reforms are in place,” Edun said.
Edun assured that the road is clear for private sector investors and that the country is back in the business on the road to industrialisation based on what is happening in the petroleum refining sector.
The Minister further disclosed that crude oil is not just being shipped abroad but it’s being refined locally to give petroleum products and raw materials for industry.
He called on all Nigerians to be encouraged that the country now has a more stable, sustainable macro economic environment that is friendly to investors, adding that this would make it possible not only for them to produce competitively for the domestic market but also to export.
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