Edun presents economic stability plan to Tinubu
A document containing strategies that will help the stalling Nigerian economy regain buoyancy has been presented to President Bola Tinubu by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun.
Edun, who presented the document on Wednesday in Abuja, also coordinates the nation’s emergency economic management team’s emergency (EET), a task force recently established to formulate an immediate action plan required to restore stability, growth and confidence in the nation’s economy.
Mohammed Manga, Director, Information and Public Relations at the Finance Ministry, in a statement, noted that the team has developed a comprehensive plan to nurse the Nigerian economy back to good health via an economic blueprint tagged the Accelerated Stabilisation and Actualisation Plan.
He added that the EET, in accordance with its mandate, has identified five key sectors – agriculture, energy, support to businesses, health and social welfare, and macro-fiscal alignment – and proposed necessary interventions to achieve urgent economic stability.
“The team was composed of participants from federal government, state governments and advocacy groups such as the Manufacturing Association of Nigeria and the Nigeria Economic Summit Group to ensure a collaborative approach.
“During the presentation, the Minister informed that the plan aims to alleviate the impact of price increases on families, farmers, and businesses, in line with the Renewed Hope priorities”.
The EET, he added, will provide an accelerated response originated from the aforementioned committees.
“The Minister informed further that the Plan, in addition with Executive Orders being developed by the Presidential Committee on Fiscal Policy and Tax Reforms to stem inflation, support employment and promote non-oil exports will bolster the impact of the stabilisation plan.
“He expressed confidence that the plan developed by the EET will help restore economic stability, promote growth, and improve the overall well-being of Nigerians”, Manga added.
