Microeconomic Problems Accosts Tinubu Administration At Its Inception, Says Minister Edun
BY KHALID IDRIS DOYA, Bauchi
Finance and Coordinating Minister of the Economy, Dr. Adebayo Olawale Edun has observed that the present administration of President Bola Ahmed Tinubu came on board when the country was faced with a difficult micro-economic situation which he began to deal with right from day one.
He said, “We must note that we have come together at a time when having faced the difficult micro-economic situation that His Excellency, President Bola Ahmed Tinubu began to deal with on his first day in office, May 29, 2023”.
The Minister further stated, “We are at a point when top decisions have been made for their whole courageous and we’ll sort out ones that have earned the respect, admiration and support of financial institutions, Multilateral development banks, banking institutions and international capital markets, among others.
Dr. Adebayo Olawale Edun was speaking in Bauchi Monday when he led the national council of Finance and economic development (NACOFED) delegation on a courtesy visit to Governor Bala Abdulkadir Mohammed at the Government House.
The Minister explained that those financial institutions are supporting and to some extent free-financing, while showing that the country is on the right track of getting out of the economic mess.
He explained that presently there have been successful moves to the key elements that can help the economy to stabilise, encourage investment to grow, create productivity through the economy, create jobs and reduce poverty in the country.
According to him, the pillars for the key elements are successful in place that included market pricing of petroleum products, domestic refining of crude oil in Nigeria, and market pricing of forex exchange, among others.
Responding, Governor Bala Abdulkadir Mohammed said that though he is the ardent critic of the federal government economic policies, the minister has disarmed with his competent knowledge of the economy, and dodgetness of explaining situations to Nigerians.
“Today if the economy is good or bad, it is on the next of finance minister, and the array of financial experts that are aboard the NACOFED that comprise commissioners of finance across the federation, and the Accountant-Generals of the states, among others”.
Governor Bala Mohammed therefore expressed delight that the NACOFED are poised to find solutions to the Nigerian grueling microeconomic problems, saying the Tinubu-Led administration inherited those problems, which it must also owned them.
He charged the federal ministry of finance as a leadership responsibility to educate Nigerians about the country’s microeconomic problems, especially Nigeria as one of the global oil producers, to make its oil and gas sectors produce and sell while putting the proceeds into the national treasury for sharing.
Problems Accosts Tinubu Administration At Its Inception, Says Minister Edun
By Khalid Idris Doya
Finance and Coordinating Minister of the Economy, Dr. Adebayo Olawale Edun has observed that the present administration of President Bola Ahmed Tinubu came on board when the country was faced with a difficult micro-economic situation which he began to deal with right from day one.
He said, “We must note that we have come together at a time when having faced the difficult micro-economic situation that His Excellency, President Bola Ahmed Tinubu began to deal with on his first day in office, May 29, 2023”.
The Minister further stated, “We are at a point when top decisions have been made for their whole courageous and we’ll sort out ones that have earned the respect, admiration and support of financial institutions, Multilateral development banks, banking institutions and international capital markets, among others.
Dr. Adebayo Olawale Edun was speaking in Bauchi Monday when he led the national council of Finance and economic development (NACOFED) delegation on a courtesy visit to Governor Bala Abdulkadir Mohammed at the Government House.
The Minister explained that those financial institutions are supporting and to some extent free-financing, while showing that the country is on the right track of getting out of the economic mess.
He explained that presently there have been successful moves to the key elements that can help the economy to stabilise, encourage investment to grow, create productivity through the economy, create jobs and reduce poverty in the country.
According to him, the pillars for the key elements are successful in place that included market pricing of petroleum products, domestic refining of crude oil in Nigeria, and market pricing of forex exchange, among others.
Responding, Governor Bala Abdulkadir Mohammed said that though he is the ardent critic of the federal government economic policies, the minister has disarmed with his competent knowledge of the economy, and dodgetness of explaining situations to Nigerians.
“Today if the economy is good or bad, it is on the next of finance minister, and the array of financial experts that are aboard the NACOFED that comprise commissioners of finance across the federation, and the Accountant-Generals of the states, among others”.
Governor Bala Mohammed therefore expressed delight that the NACOFED are poised to find solutions to the Nigerian grueling microeconomic problems, saying the Tinubu-Led administration inherited those problems, which it must also owned them.
He charged the federal ministry of finance as a leadership responsibility to educate Nigerians about the country’s microeconomic problems, especially Nigeria as one of the global oil producers, to make its oil and gas sectors produce and sell while putting the proceeds into the national treasury for sharing.