FG Restates Commitment To Improved FDI Inflows, Economic Growth

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The Federal Government has assured that Nigerians and the global community that it will continue to highlight the progress made so far in its current drive to grow the Nigerian economy in order to attract more foreign investment into the country for socioeconomic well being of the citizenry.

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, gave the assurance  during his interaction on Wednesday with journalists at the  World Bank-IMF Spring Meetings in  Washington DC, United States

The minister expained that the bold, courageous and strategic reforms of the Nigerian economy being embarked upon by the President Bola Tinubu-led Administration aimed at not only stabilising the nation’s economy in order to boost foreign investment into the country but also to create opportunities for job creation and poverty reduction.

He maintained that the economy was moving in the right direction as the policies introduced by the Tinubu administration had started slowing down inflation.

He said: “The Economic Team of President Bola Ahmed Tinubu is here to showcase the progress so far made of his bold, courageous and strategic reforms for the Nigerian economy in order to get it stabilised so as to attract foreign investment, create jobs for our people, reduce poverty and enhance our economic growth and development in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.

“We have all seen what has happened in terms of stabilising the exchange rate and inflation, which is now heading in the right direction.

“If you look closely at the numbers that came out especially from Monday, you will see that there is a slowing of the rate of increase of food inflation, things are moving in the right direction, government revenues are up, even oil revenues are up but not as much as we will like. But I assure you that with our resilience, we will get there”, the Minister added.

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