Skip to main content

We Commend Nigerians For Endurance Despite Hardship – FG

We Commend Nigerians For Endurance Despite Hardship – FG

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has praised Nigerians for their endurance despite the economic reforms which has resulted in hardship in the nation.

He, however, stated that the Federal Government economic policies have began to yield positive result.

Edun stated this on Thursday during an interactive session with the Senate Committee on Finance in Abuja.

He claimed that the teething problems from the reforms are over and Nigerians would soon begin to experience positive indicators for better days.

The two critical reforms on market-based price of Premium Motor Spirit, PMS, and foreign exchange, are now at the stage of results delivery and by extension, viability of the nation’s economy through restoration of fiscal viability.

“These two pillars of the economic reforms that have taken positive shape now portend additional revenue for government, recovery of the finances of NNPCL and a strong basis for growing the economy, in terms of attracting investment and creating jobs.

“I think we need to commend Nigerians for staying the course to this stage of getting benefits,” he stated.

On his part, the chairman of the committee, Senator Sani Musa, said the session was a fact-finding one on workability or otherwise of the various reforms.

Musa said the rationale for the gathering was to deliberate on the pressing matters related to the sales of crude oil to domestic refineries in Nigeria in naira and its implication on the approved medium-term expenditure framework and fiscal strategy paper for 2024-2026 and “what we should expect for 2025-2027.”


Comments

Popular posts from this blog

Steer Clear from Tompolo's Pipeline Surveillance Job, Face Your Olu's Contract... Activist Warn Itsekiri Leaders

Steer Clear from Tompolo's  Pipeline Surveillance Job, Face Your Olu's Contract... Activist Warn Itsekiri Leaders  Niger Delta Human Rights Activist, comrade Daniel Ezekiel has berated ltsekiri leaders for calling on  the Federal Government to decentralize the pipeline security contract awarded to the Niger Delta living legend, High Chief Government Ekpemukpolo alias Tompolo. The activist in a statement to FocalPoint Reports, on Thursday, reacted with displeasure and strongly condemned Itsekiri leaders Who were led by Hon. Michael Diden to call for the decentralization of Tompolo's Surveillance contract, during a visit to High Chief Bibopere Ajube (Shoot-at-sight) at his Agadagba-Obon, residence in Ese-Odo Local Government Area of Ondo State,  Ezekiel Daniel described those who visited Bibopere Ajube as self-proclaimed Itsekiri leaders and their voices are nothing good but mere distractions and should not be taken seriously. He added that the statements m...

NMU Governing Council chairman seeks solutions to challenges facing varsity

NMU Governing Council chairman seeks solutions to challenges facing varsity The Acting Chairman of the Governing Council of the Nigerian Maritime University, Okerenkoko, Delta State,  Adewale Adeogun, has appealed for immediate action to address the pressing challenges facing the institution.   Adeogun, who spoke during the council meeting  in Warri, expressed deep concern over the university’s underdevelopment despite its six-year existence. Highlighting the urgent need for government intervention, Adeogun emphasised the importance of establishing a permanent campus and ensuring adequate funding.  He pointed out that the university’s progress has been hindered by the suspension of projects initiated by the Nigerian Maritime Administration and Safety Agency (NIMASA). “It is disheartening to see that despite being a specialised university, Nigerian Maritime University is still struggling to find its footing,” Adeogun stated. “We must work tirelessly to secure gov...

Retired police officers protest over unpaid pensions

Some retired police officers under the contributory pension scheme on Tuesday, May 21, protested at the National Assembly over alleged several months of unpaid pensions with a call on President Bola Tinubu to remove them from the scheme. The protesters decried the extreme challenges they endure, saying that the National Pension Commission (PENCOM) has failed to pay their entitlements for several months causing them and their families untold hardship. The aggrieved retired police officers also wrote a Save Our Soul (SOS) letter to the President of the Senate, Godswill Akpabio, calling for an urgent intervention. Speaking on behalf of the protesters, Chairman of the retirees, Christopher Effiong said many of their members have developed terminal illnesses and heart attacks as a result of the frustration associated with the scheme. In a letter dated May 21 and addressed to Senate President Godswill Akpabio, the retirees said many of their colleagues have lost their lives due to t...