₦airaland Forum

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says President Bola Tinubu is charting a way to move a lot of Nigerians out of poverty.

He stated this in Bauchi on Monday, during the opening ceremony of the 2024 National Council on Finance and Economic Development (NACOFED)’s conference.

Edun said 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.

“President Tinubu’s administration inherited assets and liabilities and there is 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.

“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.

“He has stopped the bleeding that was costing five per cent of the GDP of the country every year that was adding no value except to a few people and neighbouring countries that were benefiting from what was happening with the fuel subsidy and as well, a related foreign exchange subsidy.


“The benefits were saved for just a few and a mass of Nigerians were not getting any benefits from those structures.

“They have been removed and the federation account will benefit from increased flow of resources to the federal, states and local governments and so much more can be done in terms of investing not just in infrastructure but in social services like education and health,” he said.

The Minister assured Nigerians that the road was clear for private sector investors and that the country was back in the business on the road to industrialisation based on what is happening in the petroleum refining sector.

He said that crude oil was not just being shipped abroad but being refined locally to give petroleum products and raw materials for industry.

The minister urged all Nigerians to be encouraged that the country now had a more stable, sustainable macro economic environment that was friendly to investors.

This, he said, would make it possible not only for them to produce competitively for the domestic market but also to export.

He appreciated all the organisers of the conference for all the efforts put in place to make the consequence a reality and also thanked Gov. Bala Mohammed for his hospitality and warm welcome to all the delegates that turned up at the conference.

Also, the Bauchi state governor said that hosting the event was a privilege and had proven the importance of collaboration in addressing the economic challenges and opportunities before the country.

He said that the state government spared no efforts to ensure that the event surpasses expectations.

“Your presence is a testament to your commitment to advancing Nigeria’s financial and economic landscape.

“I urge all the participants to contribute constructively to the benefit of all Nigerians,” he advised.

The News Agency of Nigeria (NAN) reports that the theme of the conference is: “Fostering Economic Growth in Challenging Times: Strategies for Policies and Partnership for Fiscal Sustainability & National Development.”

Source: https://dailytrust.com/Tinubu-working-to-move-Nigerians-out-of-poverty-Finance-Minister

No be small work. E go take time but e go surely pay off.

I strongly disagree with this Finance Minister. More Nigerians are getting poorer while the privilege ones serving in APC LED federal government are getting richer. Just go to any federal medical center near you and see that more Nigerians can't afford to pay for medical bills.

Holly Gram Way my OLD KALA !!!


LITE UP my WEED in peace


WTF MAN!

White lie

They should go and rest.

Curiously, Tinubu, in the last eighteen months, has moved more Nigerians into extreme poverty than all other Nigerian presidents combined

That is good news , at least it may stop some of us Yoruba Mus.lims from skull mi.ning and havesting of dead bodies

I am still waiting to see a single reforms that this minister has done to show that Tinubu cares none. He comes here to praise Tinubu we don't expect him to say anything different.

Be deceiving yourself.
That uselèss Iragbiji illiterate and fraud have nothing, I say nothing to offer. You are worse than a fool if you hope on that dirty clownish idiot of inec imposed president.

God bless Tinubu. We will surely see the results of all the sacrifices we are making as a nation.

We just need to be patient and let the reforms take shape.

Mr Finance Minister, the simple truth today is that Tinubu has plunged many people into multi dimensional poverty.

Oh! He is still at the charting stage? Na him every body nyash dey see pepper like this? What will we now do when he gets to implementation stage? Na to just die be dat now. Abi?

Wale Edun is a fool. We know that there is no way an 82 year old president Tinubu has the presence of mind enough to understand the economic challenges currently facing Nigerians. A president that couldn't even go to the airport at night to receive the Indian PM. He had to send Wike. We see that physically and intellectually, Tinubu's mind and body has so degraded that he is simply of little use both to himself and to the country. We see that.

What we are NOT seeing is the soundness of the economic team led by this fool Wale Edun and that bumbling idiot Cardoso. It is the advice these group of economic chihuahuas gave Tinubu that has plunged the country into this mess.

Remove tribalism this man is not fit to be minister and should have been removed long time ago
This is arguably the worse finance minister in our history

It's one thing not to know, there are smart brains in the ministry of finance this I know some directors have PhD in macro economics something this minister can't do... But willingness to learn when you don't know is important

But Tinubu and his team have one thing in common they are ignorant or at best have surface knowledge and are the most arrogant people and never ready to learn..... They do rubbish they wonder why it doesn't work... Boom start saying Nigerian economy don't respond to economic principles

I hope you guys are taking notes because this is not a propaganda but the gospel truth

tundegan:
God bless Tinubu. We will surely see the results of all the sacrifices we are making as a nation.

We just need to be patient and let the reforms take shape.

Thunder fire you! I repeat it again. Thunder fiiiire yoooou!!