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Federal Government Highlights Efforts to Revamp Nigerian Economy
During the Public Wealth Management Conference in Abuja, Vice President Sen. Kashim Shettima revealed that some individuals are actively working to undermine President Bola Tinubu’s administration’s efforts to rejuvenate the Nigerian economy.
Shettima pointed fingers at smugglers and politicians as the masterminds behind this attempt to hinder progress in the country. He disclosed that 45 trucks loaded with maize were intercepted while en route to neighboring countries, emphasizing the detrimental impact of such actions on the nation’s economy.
Despite these challenges, Shettima urged unity and solidarity among citizens, emphasizing the need to support the President and governors in their endeavors to steer the country toward economic recovery.
He highlighted the government’s commitment to fiscal responsibility, noting that significant savings have been made since the administration came into office. Shettima assured that efforts are underway to address the foreign exchange challenge and improve economic conditions for all Nigerians.
Furthermore, Finance Minister Wale Edun announced plans to audit the N23 trillion debt owed by the federal government to the Central Bank of Nigeria (CBN). This audit aims to ensure transparency and accountability in government spending, preventing the payment for funds that were not utilized.
In addition, initiatives such as the launch of a N100 billion project preparation fund by the Ministry of Finance Incorporated (MOFI) aim to attract investments and stimulate economic growth in Nigeria.
Overall, the government is committed to implementing measures that will enhance the attractiveness of the Nigerian business environment, increase revenue generation, and foster collaboration among stakeholders to achieve sustainable economic development.
