Nigeria’s Finance Minister, Mr. Wale Edun, urged stakeholders to cooperate in fiscal management at a recent retreat aimed at fostering sustainable financial practices. Key discussions included enhancing public-private partnerships, strategic fiscal reforms, and the government’s economic agenda. This collaborative approach is expected to drive Nigeria toward a stable and prosperous economic future.
In his address at a High-Level Retreat on Sustainable Financial Management, Nigeria’s Minister of Finance, Mr. Wale Edun, emphasized the necessity for unity among stakeholders in managing fiscal policies to forge a better economic future. The event, organized to enhance collaboration among key economic sector players, hosted members of the National Assembly, Heads of Government Agencies, and senior officials from the Ministry of Finance.
Mr. Edun, participating virtually, reiterated the government’s commitment to optimizing assets and encouraging private-sector investments. He stated, “This event demonstrates our commitment to strengthening cooperation in financial governance,” underlining the importance of refined budgetary processes, increased transparency, and effective resource allocation to achieve long-term economic stability.
Highlighting recent economic advancements, such as a GDP growth of 3.40% in 2024 and improvements in oil production, Edun attributed these successes to vital fiscal reforms. These reforms included the removal of petrol subsidies, enhancements in tax policy, and the automation of digital revenue processes. He stressed the essential role of a robust private sector in generating tax revenue and fostering sustainable growth.
The retreat also involved a technical discussion on post-reform economic growth, wherein Mr. Edun presented Nigeria’s Renewed Hope economic agenda. This agenda focuses on enhancing public financial management, prioritizing capital expenditure, and instituting regulatory reforms to attract both domestic and foreign investment. Prominent dignitaries, including the Minister of Budget and Economic Planning, and representatives from various sectors, contributed goodwill messages to the discussions.
In conclusion, Mr. Edun’s leadership and vision set a promising trajectory for Nigeria’s economy, signaling a potential era of growth and prosperity. The collaborative efforts outlined in this retreat position Nigeria for a resilient economic future, emphasizing opportunity and hope for its citizens.
The High-Level Retreat underscores the critical importance of collaboration among various stakeholders in Nigeria’s economic management. With a focus on unity, strategic reforms, and private sector engagement, the initiatives led by Mr. Wale Edun aim to strengthen financial governance and enhance sustainable economic growth. As these efforts unfold, Nigeria stands on the brink of renewed economic stability and prosperity.
Original Source: www.zawya.com
