‘What Buhari’s government is doing to revive the Nigerian economy’, says Kemi Adeosun

Buhari and Kemi Adeosun

(L to R) President Buhari and Kemi Adeosun

Nigeria’s Minister of Finance, Kemi Adeosun, on Thursday revealed about 12 policies the Muhammadu Buhari administration is putting in place to reverse the worrisome trend of the nation’s economy.

Mrs. Adeosun enumerated the policies while fielding questions during her appearance at the senate.

The key areas she highlighted as being in focus to save the economy are as follows:

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, plus social infrastructure.

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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.

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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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