The Finance Minister of Nigeria, Mr. Wale Edun, has called for unified efforts in fiscal policy management during a retreat aimed at fostering collaboration among economic stakeholders. The event, highlighting recent economic improvements and ongoing reforms, stressed the importance of private-sector engagement for sustainable growth. The retreat’s discussions aimed to refine budgeting processes and attract investments for long-term economic stability.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has emphasized the necessity for unity among stakeholders in the management of fiscal policies to transform Nigeria’s economic landscape. He made this appeal during a High-Level Retreat focused on strengthening collaboration for sustainable financial management and national development, organized by the Federal Ministry of Finance.
Held at the Congress Hall in Transcorp Hilton Abuja, the two-day retreat brought together members of the National Assembly, heads of government agencies, and senior officials from the Ministry of Finance. The discussions centered on improving fiscal governance and promoting economic sustainability through enhanced collaboration.
In his virtual opening remarks, Edun underscored the government’s dedication to optimizing assets and boosting private-sector investments. He affirmed, “This event demonstrates our commitment to strengthening cooperation in financial governance,” and highlighted initiatives aimed at refining budgeting processes to ensure long-term economic stability.
Notably, Edun reported a 3.40% GDP growth in 2024, resulting from various fiscal reforms, including the removal of petrol subsidies and enhancements in tax policies. He described fortifying relationships with the private sector as essential for economic sustainability, as a robust private sector can increase tax revenues and minimize reliance on government borrowing.
The retreat also featured technical discussions on post-reform economic growth, wherein Edun presented the government’s economic agenda aimed at improving public financial management and attracting investments. Attendees included several key dignitaries like Senator Abubakar Bagudu and Dr. Doris Uzoka-Anite, who contributed to the dialogue on national economic strategies.
With a strong call to action from Edun, Nigeria is positioned to initiate a new phase of economic growth and stability. The collaborative efforts and strategic vision outlined by the Minister promise a future filled with prosperity and opportunity for the nation.
In conclusion, the High-Level Retreat led by Finance Minister Mr. Wale Edun marks a vital step towards unifying efforts in fiscal policy management in Nigeria. The gathering facilitated dialogue and collaboration among key economic stakeholders to address pressing fiscal challenges. With ongoing reforms and a focus on strengthening private sector partnerships, Nigeria anticipates a bright economic future characterized by growth, opportunity, and stability.
Original Source: www.zawya.com
