“Federal Government’s Efforts Aim to Improve Nigeria’s Economy”
The Nigerian government is taking strong actions to address economic challenges and bring positive changes to the lives of its citizens. Vice President Kashim Shettima and Finance Minister Wale Edun have reassured Nigerians about upcoming improvements in the country’s economic performance.
Recent data from the National Bureau of Statistics (NBS) show a decrease in unemployment from 5.3% in the fourth quarter of 2022 to 4.1% in the first quarter of 2023. Edun believes that ongoing government initiatives will put an end to hyperinflation and the decade-long decline in Gross Domestic Product (GDP) per capita. These efforts were highlighted during the Presidential Committee on Fiscal Policy and Tax Reforms retreat in Abuja.
Edun is confident that the government’s agenda will create jobs, reduce poverty, attract investors, stabilize the exchange rate, and ultimately lift the economy. He emphasized that the era of declining GDP per capita is over due to the “Renewed Hope Agenda” introduced by the president.
While acknowledging that removing fuel subsidies may have impacted the economy, Edun assured that measures have been taken to ease the process and address related challenges.
He also reminded the members of the Presidential Committee on Fiscal Policy and Tax Reforms about their deadline to deliver tangible results, urging them to work efficiently to make the most of the time available. These efforts are part of the government’s commitment to improve the country’s economic outlook and living standards for all Nigerians. Subscribe with us for more News
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The Federal government promises Hyperinflation and low GDP per capita are expected to end soon.
“Federal Government’s Efforts Aim to Improve Nigeria’s Economy”
The Nigerian government is taking strong actions to address economic challenges and bring positive changes to the lives of its citizens. Vice President Kashim Shettima and Finance Minister Wale Edun have reassured Nigerians about upcoming improvements in the country’s economic performance.
Recent data from the National Bureau of Statistics (NBS) show a decrease in unemployment from 5.3% in the fourth quarter of 2022 to 4.1% in the first quarter of 2023. Edun believes that ongoing government initiatives will put an end to hyperinflation and the decade-long decline in Gross Domestic Product (GDP) per capita. These efforts were highlighted during the Presidential Committee on Fiscal Policy and Tax Reforms retreat in Abuja.
Edun is confident that the government’s agenda will create jobs, reduce poverty, attract investors, stabilize the exchange rate, and ultimately lift the economy. He emphasized that the era of declining GDP per capita is over due to the “Renewed Hope Agenda” introduced by the president.
While acknowledging that removing fuel subsidies may have impacted the economy, Edun assured that measures have been taken to ease the process and address related challenges.
He also reminded the members of the Presidential Committee on Fiscal Policy and Tax Reforms about their deadline to deliver tangible results, urging them to work efficiently to make the most of the time available. These efforts are part of the government’s commitment to improve the country’s economic outlook and living standards for all Nigerians. Subscribe with us for more News
Source