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………says Nigerians will bounds faithful
From Isaac Anumihe,
As the economic hardship bites harder, Federal Government, yesterday, assured Nigerians that the nation would soon come out of the woods and become prosperous.
Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu said this during the oversight visit by the House of Representatives Committee on National Planning and Economic Development.
Bagudu further stated that the country would emerge from the present hardship and experience a significant economic growth.
He noted that the economic reforms of President Bola Ahmed Tinubu were aimed at rejigging the macro-economic policy of the Federal Government to ensure increased revenue generation in addition to having a foreign exchange market that is rule-based and in the long run restore investors’ confidence.
Bagudu re-assured Nigerians that the Federal Government was not unaware of their sufferings as efforts were being made to handle the vulnerable population and those adversely affected by the economic reforms.
He, therefore, called on the National Planning Economic Development Committee of the House of Representatives to critically review their mandate in order for them to deliver on their objectives. He particularly commended the National Assembly for truly practising democracy through unilaterally increasing the 2024 Budget.
Earlier, the Chairman of the House of Representatives Committee on National Planning and Economic Development, Honourable Isiaka Ayokunle noted that the main aim of the oversight visit was to synergise with the ministry in line with the 8-point agenda of the present administration.
According to him, the interface was meant to strengthen the country’s budget system for better economic growth, to attract investments and improve the overall well-being the Nigerians
In a statement, a workplan/proposal on an effective budget process was presented to the minister for possible incorporation to the ministry’s workplan and budget.
The committee, later examined the releases and expenditures on personnel, recurrent and capital costs of the 2023 appropriation year, audited accounts of the Ministry and Budget office, up-to-date key performance indicators (KPIs) in addition to the strengths/weaknesses and challenges encountered during 2023 reporting year.
