The federal government has disclosed plans to unveil an economic emergency plan aimed at stabilizing the nation’s economy and setting it on a path of continued growth.
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, made this announcement during the ministerial sectoral update briefing held in Abuja.
According to Edun, the plan, which awaits the President’s approval, is in furtherance of Tinubu’s mandate to restore the Nigerian economy through macroeconomic reforms. The minister noted that the government is committed to protecting the poor and vulnerable at a time of heightened costs.
Edun also revealed that the revenue base of the Federal Government has been totally revamped and strengthened to meet the obligations of the government. He stated that the government can now pay its debt service without resorting to ways and means, particularly international debt service, and domestic obligations are being paid.
The unveiling of the economic emergency plan comes as the Tinubu administration marks its first year in office. The plan is expected to address the challenges facing the Nigerian economy and set it on a trajectory of growth and development.
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