The Federal Government has announced a decisive move, declaring an end to its borrowing endeavors and setting its sights on creating a solid macroeconomic foundation.
Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this game-changing decision after the inaugural Federal Executive Council FEC meeting, led by President Bola Tinubu at the presidential villa in Abuja.
Edun conveyed the government’s commitment to fostering equity and driving investment through ongoing reforms. Acknowledging the current state of the economy, he articulated that the objective is to steer the nation toward a more favorable economic position.
The FEC discussions encompassed eight key priority areas, with strategies outlined to achieve transformative results over the next three years. With the President’s resolute directive, ministers have been tasked with developing policies and initiatives aimed at revitalizing the economy.