The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the Nigerian economy was experiencing a positive growth rate of 2.99 per cent, surpassing the 2.3 per cent growth seen in the first quarter of 2024.
Edun made this disclosure during the presentation of his
ministry’s performance, one year into the administration of President Bola
Tinubu in Abuja on Tuesday, May 27.
According to him, the improvement in economic growth
highlights the effectiveness of President Bola Tinubu’s economic strategy.
“This growth in agriculture provides the monetary authority
with the leverage needed to stabilize foreign exchange (FX) rates,” Edun
explained. “By continuing on this path and intensifying our efforts, we are on
track to lift many Nigerians out of poverty,” He said.
The minister, who said that revenue collection had also seen
significant improvements, added that it has enabled the government to service
its debts without resorting to the Central Bank’s Ways and Means advances, a
practice that has previously been a cause for concern regarding fiscal
discipline and inflation.
The finance minister emphasized that these positive economic
indicators reflect the current administration’s commitment to sustainable
economic growth and fiscal responsibility.
Advertise on NigerianEye.com to reach thousands of our daily users
I have listened to other ministers speak on their ministries but Wale Edu, Finance Minister & coordinating minister of the economy seems to me a disaster. He does not understand anything in the economy of the country. Back in the days, ministers in ministry of finance are people who know their onions, they have the statistic of the economy at their finger tips but this Wale Edu, I wonder.
ReplyDelete