FG reaffirms commitment to sustainable economic policies for national development

The Federal Government has restated its strong commitment to crafting and executing sustainable economic and social policies geared toward enhancing the quality of life for all Nigerians.

This assurance was given by the Secretary to the Government of the Federation (SGF), Senator George Akume, CON, during a courtesy visit by the Governing Council of the Nigeria Economic Society (NES), led by its President, Professor Adeola Adenikinju, in Abuja.

Senator Akume praised the notable progress made under the administration of President Bola Ahmed Tinubu, particularly in driving key economic reforms aimed at fostering growth, stability, and national development.

He emphasized the government’s readiness to collaborate with critical stakeholders, including the NES, in building a stronger and more inclusive economy.

“President Bola Ahmed Tinubu brings a wealth of experience to the table, having served with distinction in both the private and public sectors. His unique blend of experience has been instrumental in guiding our nation to its current economic trajectory, a growth rate that even some of the world’s most advanced economies are struggling to match. The President’s decision to remove the fuel subsidy, is a bold move with far-reaching positive consequences for the nation’s economic health, he stated.”

“While such decisive actions may have immediate consequences, the ultimate goal and, more importantly, the eventual outcome, is the benefit it brings to the Nigerian people.”

Speaking earlier in the meeting, Professor Adeola Adenikinju, President of the NES, commended President Bola Ahmed Tinubu’s administration for the courageous economic reforms undertaken over the past two years.

“These reforms have been comprehensive, spanning the fiscal, monetary, and real sectors of our economy,” Professor Adenikinju noted.

While commending the key initiatives such as the petroleum subsidy reforms, the unification of the multiple exchange rate system, fiscal policy and tax reforms, and adjustments to electricity tariffs as significant steps in the right direction, he urged the President to embrace dynamic and economic Professionals to head sensitive economic parastatals for impressive results.