No going back on forex and subsidy reforms- Finance Minister

Nigeria’s Finance Minister, Wale Edun, has affirmed that there is no going back on forex and subsidy reforms of President Bola Tinubu.

Finance Minister Edun made the statement during a meeting with the newly appointed Minister of State for Finance, Doris Uzoka Anite, at the ministry’s headquarters on Monday, November 4.

“Nigeria now has a foreign exchange rate that is market-based and also a deregulated oil market pricing, which are two reforms that are long overdue over many decades that President Tinubu is currently implementing,” Edun said, underscoring the significance of these policies for the nation’s economic direction.

“Therefore, as Coordinating Minister of the Economy, we stand on a threshold of a new dawn to implement these reforms, increase productivity, create jobs, and reduce poverty,” he continued. “We are glad to have a Minister of State who will help in actualizing the President’s reforms.”

Finance Minister Edun emphasized that achieving these ambitious reforms requires robust collaboration between public and private sectors, pointing out that current economic policies are already showing signs of sustainability and success. “Consultation and collaboration is key to achieving these key reforms both from the public and private sector,” he added.

Minister of State Doris Uzoka Anite, in response, pledged her dedication to work with stakeholders across both sectors to ensure that Nigeria’s economic growth objectives are realized. She reiterated her commitment to fostering a cooperative environment to drive economic transformation under President Tinubu administration. Lindaikejisblog

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