By Murtala Muhammad
The Federal Government has introduced macroeconomic reforms aimed at addressing the nation’s economic challenges and fostering growth.
The Minister of Finance and Coordinating Minister of the Economy, Mr Wole Edun, disclosed this in Bauchi during the 2024 National Council on Finance and Economic Development (NACOFED) Conference.
The event was organised by the Federal Account Allocation Committee under the Ministry of Finance.
Mr Edun noted that President Bola Ahmed Tinubu has effectively curtailed the loss of five per cent of the Gross Domestic Product (GDP), previously benefiting only a few individuals and neighbouring communities.
He highlighted the government’s efforts to support private sector investment and advance industrialisation, citing the local refining of petroleum products as a significant achievement.
The Minister expressed confidence that with robust and deliberate economic policies fostering an enabling business environment, the nation is on a clear path towards sustainable economic transformation.
In his remarks, the Governor of Bauchi State, Bala Mohammed, called for enhanced revenue generation and a more equitable sharing formula to ensure underserved states benefit from the administration’s economic reforms.
Governor Mohammed also commended President Tinubu’s government for selecting Bauchi State as the host of the 2024 NACOFED Conference.
The conference brought together Commissioners of Finance and Accountants-General from the 36 states of the Federation and the Federal Capital Territory, Abuja.