Cardoso, Edun, Others Appear Before Reps, Promise Improved Economy
The Central Bank of Nigeria (CBN) governor Yemi Cardoso; the Minister of Finance and Coordinating Minister for the Economy, Wale Edun; as well as the Minister of Budget and National Planning, Atiku Bagudu and the Chairman of the Federal Inland Revenue Service, Zacch Adedeji were at the House of Representatives to speak about the state of the economy.
Nigeria’s inflation rate has continued to soar and the cost of living has ballooned in recent months. But at the event in Abuja on Tuesday, the economic managers projected a brighter future.
Edun believes the country’s economy is in a much better state than it was when President Bola Tinubu took over power in May.
‘Much Better Place’
“Where we are as a nation economically is a much better place than we were on the 29th of May, 2023. We have heard from the governor of the CBN. He has talked about the importance of sustainability,” Edun added.
L- R: Mr. Abubakar Atiku Bagudu, Minister of Budget & Planning; Mr. Wale Edun, Minister of Finance & Coordinating Minister of the Economy; Hon. Julius Ihonvbere, Majority Leader, House of Representatives; Hon. Benjamin Kalu, Deputy Speaker, House of Representatives; Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria; Hon. Ozodinobi George Ibezimako, Member, Anambra North, House of Representatives; Hon. Adewumi Onanuga, Deputy Chief Whip, House of Representatives; Ms. Emem Usoro, Deputy Governor, Operations, Central Bank Of Nigeria; and Mr. Muhammad Sani Abdullahi, Deputy Governor, Economic Policy, Central Bank of Nigeria at the sectoral briefing on the nation’s economy, at the House of Representatives plenary in Abuja on Tuesday, February 6, 2024.
“Before the implementation of the 8-point agenda of the President began, we were in an unsustainable place in terms of the fiscal situation of Nigeria. We were on the road to economic disaster.”
Edun also reiterated the government’s promise to cushion the impacts of the fuel subsidy removal, especially for the vulnerable.
“Likewise, there have been other benefits that have accrued as a result of the changes that have been made,” he said.
“However, inflation has increased, the cost of living has spiked, and right from the onset, Mr president is committed to making sure that the poorest and the most vulnerable are not left behind. The palliatives, the interventions have been rolled out.”
Source: Channelstv.com
