2nd row, first right, Prince Dapo Abiodun, Ogun State Governor, to the Governor’s right is Chief Adebayo Adewale Edun, Finance Minister, & the Coordinating Minister of the National Economy, on inspection of Gate Way International Airport, Illisan-Remo, Ogun State
Nigerians have been reassured that the Federal Government, FG, is fully aware of the bizarre poverty, devastating the socioeconomic fabric of the populace, and has begun injecting intervention schemes to mitigate the drastic economic recession.
The Minister of Finance and the Coordinating Minister of the Economy, Chief Adebayo Adewale Edun, who made this known added that implementing reforms during transition periods often comes with pains but there is relief soon to crystalize.
Cheid Edun said the government at the center is working towards creating a stable economy through the creation of a business-friendly environment to attract both local and foreign investors to the country.
He explained the government’s strategic approach to reverse the harsh trend thus; “We have to get the economy going, get the inflation down, stabilize the exchange rate, and get the export and import revenue increased so that it can be a source of funding for growing the economy” he volunteered.
The Finance Minister made these statements at the sideline during his tour of the ARISE Agro-Cargo Industrial and Export Processing Zone, at the Gateway International Airport, Illisan-Remo, Ogunstate.
Edun who was excited with the progress made on the level construction had attained at the airport announced some of the specifics of what the federal government had done to ensure the current aberrations in the macro and micro economy are urgently reversed.
He stated thus, “We have a wide range of intervention programs like the provision of fertilizer, food for the people around the country, extra funding for states for infrastructure”.
Edun narrated further what the FG had done thus, “funding for the production of rice, wheat, maize and cassava and funding, including Grants, free money for Small, Medium Scale Enterprises, particularly the smallest (micro), among others,” Edun said.
About Post Author
May President Bola Ahmed Tinubu’s government succeed in its onerous social and economic tasks to Nigerians and Nigeria
It may interest you to know that there’s no serious farming activity on going in any part of the country in the last three years and the resultant effects are high cost of food items in the countryside. As we speak, no farmers have been able to access the loans promised by the FG hence I have witnessed a whole lots of FG propagation of giving loans to farmers in collaboration with Zenith Bank which has not materialised for now. I’m into mechanise farming, I have also applied for the loans myself, meeting all cretarial, two months after I submitted my loan application, there’s no acknowledgment from Zenith bank to confirm that my application has been received, rejected, being processed or otherwise.