Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has detailed the federal government’s ambitious plan to rejuvenate the economy while prioritising the welfare of its citizens.

Edun, at a recent television interview, underscored the government’s commitment to food security, aiming to make nutritious food affordable and accessible to all Nigerians. He revealed that the administration is not only drawing from food reserves but also facilitating imports to lower food prices.

According to him, this proactive approach, supported by the President’s commitment, is designed to make food more accessible and reduce living costs.

The minister explained that the government’s food production initiatives are pivotal in combating inflation.

“When inflation comes down, the exchange rate will stabilise. Interest rates will come down and the economy will have a chance. People will have a chance at reasonable rates to invest in various sectors of the economy, increase productivity, grow the economy and create jobs which is the key to reducing poverty,” he said.

“As food prices decrease, inflation is expected to drop, which will stabilise the exchange rate and lower interest rates. This environment will encourage investments, boost productivity, and create jobs—essential steps in reducing poverty” he said.

Edun also highlighted significant funding measures aimed at supporting businesses of all sizes. A notable initiative includes an $800 million loan from the World Bank’s International Development Association (IDA), offering a 40-year term at a mere 1 percent interest rate. This soft loan, coupled with additional federal budget allocations, represents the most affordable form of financing available.

For enterprises, the government has introduced a range of financial support schemes. Nano enterprises are eligible for grants of N50,000, while small and medium-sized businesses can access up to N1 million at a 9 percent annual interest rate. Larger medium-sized enterprises can secure up to N1 billion under similar terms. Additionally, import waivers and fiscal measures, such as the elimination of withholding taxes for the manufacturing sector and small businesses, are being implemented to lower operational costs.

https://thesun.ng/fg-unveils-comprehensive-strategy-for-economic-growth-citizens-welfare/

Bobloco:

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has detailed the federal government’s ambitious plan to rejuvenate the economy while prioritising the welfare of its citizens.

We have witnessed too many Promises. Now we need results

Toh

Finally, some serious work being put in.

If only Peter Obi had a fraction of this strategy, maybe we wouldn't be hearing so much noise without substance.

Edun has absolutely nothing to offer. Even in his interviews,he will be struggling to posit his policies

This man keep repeating the same thing since last year. Sadly Nigerians have very short memory. The government is only playing lip service. Tinubu economy revamping is only happening on the media with absolute nothing on ground.

The ember month is coming real fast and they are yet to get there feet on any tangible thing.

The Nigerians that have the money they Japa last year. The ones remaining are struck here because there is money.

Toh

This is a commendable initiative by the FG. Prioritizing food security and economic growth is crucial for uplifting citizens. The funding measures and support for businesses will surely stimulate the economy and create jobs, benefiting all Nigerians.

Comprehensive Bullshit!

According to him, this proactive approach, supported by the President’s commitment, is designed to make food more accessible and reduce living costs.

Why una never do am since.
Do they even know the meaning of proactive.
They can only deceive their fellow corn brains.

Thïefnubu that promised to hit the ground running, has been running like a mad man for over one year now with nothing to show for it except increased hunger and suffering to Nigerians.

Tinubu has no Solution
- Primate Ayodele

Another audio speech to ease tensions... Nice one!

Bobloco:
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has detailed the federal government’s ambitious plan to rejuvenate the economy while prioritising the welfare of its citizens.

Edun, at a recent television interview, underscored the government’s commitment to food security, aiming to make nutritious food affordable and accessible to all Nigerians. He revealed that the administration is not only drawing from food reserves but also facilitating imports to lower food prices.

According to him, this proactive approach, supported by the President’s commitment, is designed to make food more accessible and reduce living costs.

The minister explained that the government’s food production initiatives are pivotal in combating inflation.

“When inflation comes down, the exchange rate will stabilise. Interest rates will come down and the economy will have a chance. People will have a chance at reasonable rates to invest in various sectors of the economy, increase productivity, grow the economy and create jobs which is the key to reducing poverty,” he said.

“As food prices decrease, inflation is expected to drop, which will stabilise the exchange rate and lower interest rates. This environment will encourage investments, boost productivity, and create jobs—essential steps in reducing poverty” he said.

Edun also highlighted significant funding measures aimed at supporting businesses of all sizes. A notable initiative includes an $800 million loan from the World Bank’s International Development Association (IDA), offering a 40-year term at a mere 1 percent interest rate. This soft loan, coupled with additional federal budget allocations, represents the most affordable form of financing available.

For enterprises, the government has introduced a range of financial support schemes. Nano enterprises are eligible for grants of N50,000, while small and medium-sized businesses can access up to N1 million at a 9 percent annual interest rate. Larger medium-sized enterprises can secure up to N1 billion under similar terms. Additionally, import waivers and fiscal measures, such as the elimination of withholding taxes for the manufacturing sector and small businesses, are being implemented to lower operational costs.

https://thesun.ng/fg-unveils-comprehensive-strategy-for-economic-growth-citizens-welfare/

God bless Mr president
Enemies of Nigerians would be shame last last

Nairaland moderators why did you take down my post examining d duplicity of stupidity of some errrant monikers like salewa, chinkoalhaji and legendidiots

This is a solid move by the FG! Prioritizing food security is crucial for all Nigerians. With the right strategies in place, we can expect a significant drop in inflation and a boost in investments. The support for businesses, especially small enterprises, is commendable. Let's hope this translates into tangible benefits for the average citizen. Progress is on the horizon!