The Secretary to the Authorities of the Federation, George Akume mentioned the President Bola Tinubu-led administration has made vital strides in reviving Nigeria’s financial system and implementing social programmes to uplift residents throughout its first 12 months in workplace.
Delivering the administration’s one-year progress report at a ministerial sectoral updates session on Wednesday, Akume highlighted President Tinubu’s efforts to unleash Nigeria’s financial potential via main reforms.
“This administration has applied vital financial reforms geared toward stabilising our financial system and fostering sustainable progress,” Akume said.
He pointed to insurance policies which have attracted overseas funding, lowered inflation, and spurred job creation throughout numerous sectors.
Based on him, a serious financial transfer was the dismantling of monopolistic management over electrical energy via the 2023 Electrical energy Invoice, permitting states, companies and people to generate, distribute and transmit energy.
On the fiscal entrance, Akume mentioned the removing of the contentious gasoline subsidy was hailed as a “difficult however needed” step to curb corruption, inefficiency and scale back the annual fiscal burden on the federal government.
He mentioned infrastructure growth has been one other key focus space, with the completion of intensive street networks, improved rail methods and modernisation of ports to facilitate commerce and connectivity.
Alongside financial measures, Akume emphasised the administration’s people-focused insurance policies via an array of social intervention programmes concentrating on poverty alleviation and empowerment of susceptible teams.
“These initiatives have offered monetary help, expertise acquisition alternatives and improved entry to important providers,” he defined.
He mentioned investments have additionally been channeled into healthcare via new services and academic reforms to spice up human capital growth.
Nevertheless, Akume admitted the primary 12 months had its challenges from numerous angles however he counseled President Tinubu for his “calm, unwavering dedication and resilience” in serving Nigerians with diligence.
Shifting ahead, Akume mentioned the administration stays targeted on implementing its “Renewed Hope Agenda” centered on financial revitalisation, social inclusion and infrastructural progress for the betterment of all Nigerians.
He additional known as for collective efforts in direction of unity, peace and realising Nigeria’s full potential via the federal government’s imaginative and prescient and insurance policies.