In a significant step towards addressing Nigeria’s economic challenges, the Federal Government has unveiled plans aimed at revitalizing key sectors of the economy
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun disclosed this today in his office in Abuja when he led the first inaugural meeting of the Accelerated Stabilization and Advancement Plan (ASAP) Implementation Committee, marking a significant milestone in Nigeria’s renewed commitment to addressing critical economic challenges and fostering sustainable development across key sectors.
This landmark initiative HM Edun said, is a key component of President Bola Ahmed Tinubu’s reform agenda, which aims to drive sustainable development across eight priority sectors of the economy, including Agriculture, Energy, and Health
In his opening remarks, the Minister highlighted the collaborative nature of the project, informing the committee that they would work closely with technical experts from various government agencies to establish clear milestones and ensure the effective execution of the Plan.
Edun reiterated the government’s dedication to addressing key issues such as agricultural productivity and announced a coordinated dry season farming initiative, with the Federal Ministry of Finance, the Central Bank of Nigeria, the Federal Ministry of Agriculture and Food Security (FMAFS), as well as the African Development Bank (AfDB) collaborating to ensure the timely delivery of fertilizers and other critical inputs to farmers.
The meeting brought together key government officials, including; the Honourable Minister of Agriculture & Food Security, Senator Abubakar Kyari; the Honourable Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; the Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate; the Honourable Minister of Power, Chief Adebayo Adelabu; the Honourable Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo; and the Director General of the Budget Office of the Federation, Tanimu Yakubu, among others.
As the ASAP Implementation Committee moves forward, it will focus on driving progress in each of the identified priority areas, ensuring that the Plan’s objectives are met with precision and accountability.
With the ASAP Implementation Committee underway, Nigeria is poised to witness a transformative era of economic growth and development. Under the Chairmanship of HM Edun, the committee will work tirelessly to ensure the effective execution of the Plan, addressing critical issues and fostering collaboration among government agencies and stakeholders.
As the committee drives progress in each priority area, Nigeria can expect a brighter economic future, marked by precision, accountability, and sustainable development.
Signed
Mohammed Manga FCIA
Director, Information and Public Relations
August 26, 2024
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