The Minister of Budget and National Planning, Atiku Bagudu,
has admitted that Nigeria’s economy under President Bola Tinubu is faced with
economic challenges and needs to do better.
According to NAN, the minister made this known on Wednesday
at the National Economic Dialogue 2024 organised by the Nigerian Economic
Summit Group in Abuja.
According to him, the economic policies of Tinubu’s
administration are aimed at tackling economic hardship in Nigeria.
He admitted that the policy directions of the administration
are tough but avowed that the government has put in place resources to cushion
the impact on Nigerians.
“I just want to assure everyone that we have a strategy and
it is working. We are under no illusion that it will involve tough choices.
That is why, at every turn, we are looking for resources that we believe can
compensate for those tough choices.
“Whatever we are doing, we have taken the message that we
need to do more. We need to do better, and we need to do it in a hurry. I believe
the dialogue here will help us,” he said.
This comes as Nigerians continue to groan over the impact of
the rising cost of living.
Though Nigeria’s inflation declined to 33.40 per cent in
July 2024, citizens have insisted that the economic hardship is yet to cool
off.
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