The Finance Minister, Kemi Adeosun yesterday revealed the nation’s economic stand under the President Muhammadu Buhari-led administration.
She further noted that the administration has set policies in motion to reverse the current economic hardship facing the country.
The Finance minister enumerated on the policies as she high;lighted those of immediate concerns to federal government.
The highlights include:
1. We would streamline the cost of government and improve efficiency of public service delivery across the Federal and Sub-national Governments.
2. Targeted spending on innovative social programmes and infrastructure, including social infrastructure.
3. Direct and model economic policies away from oil and towards non-oil revenues as global demand for oil decreases and supply increases
4. Focus on delivery of basic services to the Nigerian population upon which business can be built and improved standard of living can be achieved.
5. Build revenue capacity across Sub-national Governments by increasing IGRs to reduce dependence on the Federal Government.
6. Alignment of fiscal and monetary policies across medium and long-term goals.
7. Increase investor confidence in Nigeria.
8. Increased revenue mobilization and plugging of leakages.
9. Greater focus on Power, Transport, and Housing because these areas help to create wealth.
10 .Strengthen institutions of government across board including tackling corruption.
11. A financial sector that is strong, resilient and able to support the real economy.
12. Inclusive and sustainable growth – mobile communication, film industry, financial inclusion, among others.
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