2 weeks ago
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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has praised Nigerians for their endurance despite the economic reforms which has resulted in hardship in the nation.
He, however, stated that the Federal Government economic policies have began to yield positive result.
Edun stated this on Thursday during an interactive session with the Senate Committee on Finance in Abuja.
He claimed that the teething problems from the reforms are over and Nigerians would soon begin to experience positive indicators for better days.
“The two critical reforms on market-based price of Premium Motor Spirit, PMS, and foreign exchange, are now at the stage of results delivery and by extension, viability of the nation’s economy through restoration of fiscal viability.
“These two pillars of the economic reforms that have taken positive shape now portend additional revenue for government, recovery of the finances of NNPCL and a strong basis for growing the economy, in terms of attracting investment and creating jobs.
“I think we need to commend Nigerians for staying the course to this stage of getting benefits,” he stated.
On his part, the chairman of the committee, Senator Sani Musa, said the session was a fact-finding one on workability or otherwise of the various reforms.
Musa said the rationale for the gathering was to deliberate on the pressing matters related to the sales of crude oil to domestic refineries in Nigeria in naira and its implication on the approved medium-term expenditure framework and fiscal strategy paper for 2024-2026 and “what we should expect for 2025-2027.”
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