TINUBU'S ECONOMIC TEAM STORMS WASHINGTON DC FOR WORLD BANK-IMF SPRING MEETINGS ..... Showcases Progress Of Nation's Economy To Boost Foreign Investment

Chief Olawale Edun
Honourable Minister of Finance and Coordinating Minister of the Economy

"The economy is moving in the right direction as the policies put in place by the present administration have started slowing down food inflation." Wale Edun.

The Federal Government has assured of its continued commitment in showcasing the progress made so far in the Nigerian economy in order to attract more foreign investment into the country. This is with a view to improving on the lives of Nigerians as the World Bank-IMF Spring Meetings intensifies in Washington DC.

A statement from the Ministry of Finance, signed by the Director Press and Public Relations, Mohammed Manga disclosed that the Honourable Minister of Finance and Co-ordinating Minister of the Economy, Mr Wale Edun, gave the assurance in Washington when he granted audience to some newsmen.

According to the statement, Mr. Edun while addressing the journalists in Washington DC, stated that the bold, courageous and strategic reforms of the Nigerian economy embarked upon by the President Bola Ahmed Tinubu-led Administration aims not only at stabilising the nation’s economy in order to boost foreign investment into the country but also, to provide opportunities for job creation and poverty reduction.

He also informed that the economy is moving in the right direction as the policies put in place by the present administration have started slowing down food inflation.

Edun explained that both he, the Permanent Secretary of the Federal Ministry of Finance, Mrs Lydia Shehu Jafiya, the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, and other key government officials are in Washington DC to showcase the progress made so far in the Nigerian economy.

"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", the Minister said.

According to the Honourable Minister, "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". He concluded.

The statement disclosed that the Minister is attending the World Bank-IMF Spring meeting in Washington DC alongside the Ministry's Permanent Secretary, Mrs Lydia Shehu Jafiya, some Directors and other government officials.