JUST IN: NEW FINANCE MINISTER ASSUMES OFFICE, PLEDGES FISCAL DISCIPLINE AND ECONOMIC REFORMS

NEW FINANCE MINISTER ASSUMES OFFICE, PLEDGES FISCAL DISCIPLINE AND ECONOMIC REFORMS


Nigeria’s newly appointed Minister of Finance and Coordinating Minister of the Economy has formally assumed office, outlining key priorities aimed at stabilising and strengthening the nation’s economy.

In an official statement following the handover ceremony, the minister confirmed taking over from the former Finance Minister, Mr. Wale Edun, and expressed appreciation for his service and contributions to economic policy development.

The minister noted that Nigeria is at a critical phase, stressing the need to consolidate recent economic stabilisation efforts while advancing reforms that deliver measurable improvements in citizens’ welfare.

According to the statement, the administration’s immediate focus will centre on enhancing productivity and economic growth by fostering a predictable and investor-friendly environment. This, the minister said, will be anchored on consistent and coherent policy frameworks.

Fiscal discipline and sustainability were also highlighted as top priorities, with a commitment to transparent and prudent management of public resources. The minister emphasised the importance of ensuring that government spending aligns with long-term economic stability.

On revenue generation, the statement outlined plans to optimise government income through improved tax administration, expansion of the tax base, and policies designed to ease the burden on vulnerable populations while supporting business growth.

The minister further stressed the need for stronger coordination across all levels of government and institutions to improve policy implementation and overall impact.

In addition, the ministry plans to deepen collaboration with the private sector through public-private partnerships, focusing on data-driven policy design, joint implementation, and continuous feedback mechanisms.

Emphasising the importance of execution, the minister stated that policy success would be measured by tangible outcomes, assuring Nigerians of a commitment to accountability, disciplined implementation, and measurable results.

The minister also called for cooperation among government agencies, private sector stakeholders, and citizens to drive economic growth and build a more stable and inclusive economy.

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