Nigeria’s Economy To Receive A Boost —FG

Minister of Budget and National Planning, Mr Udoma Udo Udoma
Minister of Budget and National Planning, Mr Udoma Udo Udoma

IN the face of the dwindling economy, commodity market instability and imminent economic recession in Nigeria, the Federal government could be said to have taken the right step in the right direction by fully consulting the financial experts in country, in a bid to fix the economy.

This was disclosed at the meeting between President Muhammadu Buhari’s Economic Management Team and top economists and financial experts in Abuja on Tuesday, in continuation of its consultations towards tackling the country’s economic recession.

According to The Minister of Budget and National Planning, Udoma Udo Udoma, Federal government is meeting the likes of Bismarck Rewane; Akpan Ekpo; Ayo Teriba; Badeye Sani and Bode Augusto, some of the economic expert in the country.

The meeting which was chaired by the economy team chairman, Prof. Yemi Osinbajo, the Vice President.

The minister, while addressing State House correspondents, said the government was consulting to develop mid-term economic framework and vast presentations were made by the experts on the draft document.

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“It is part of a comprehensive consultation process that we are embarking on to make sure that we reach out to a wide spectrum of Nigerians to get a feed back in terms of how best to make sure that we come out of this recession “ the minister said. “That we get the best possible MTEF (Medium Term Economic Framework), The Fiscal Responsibility Act requires us to do so,” he added.

Udoma disclosed that consultation still continues on Thursday in Lagos with private sectors, adding that he had met with non-governmental organisations in order to assure economic policy that is best for Nigerians.

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