President Bola Ahmed Tinubu has directed the Federal Executive Council (FEC) to achieve the targets of reviving the economy to make life more bearable for the people.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, presented the “Roadmap for the economy” which was considered at the maiden federal cabinet meeting presided over by the president at the Council Chambers of the Presidential Villa in Abuja.
Speaking on the issue at the post-FEC press briefing, Edun said the council agreed that the economy was not where it should be.
He said FEC examined eight priority areas and identified targets to deliver in the next three years.
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The minister said President Tinubu had charged the ministers to roll out policies and programmes to turn around the economy.
In a statement he later issued, Ajuri Ngelale, presidential spokesman, said the president charged ministers to look beyond titles and offices and stay focused on the day-to-day task of their individual and collective contributions to the transformation of the economy for the upliftment of Nigerian households.
The president reportedly told the new ministers that the hopes and aspirations of 200 million fellow Nigerians rested on their daily actions and that he will relentlessly provide the focused leadership required to stop failure in its tracks so that sustainable progress can be achieved.
“We shall evolve a homegrown re-engineering of our finances, a reimagined stewardship of our resources, and we will let the economy work for the people of this country. There are so many things we can and will do. Yes, some cynics will say it is impossible. But in your own dictionary of service, everything is possible, and it must be possible,” the President was quoted to have said.
“We have the talent. We have the level of intellectual capacity required to turn this country around. We will make sure that the country is on the right path to succeed on behalf of more than 200 million Nigerians who rely on us,” the President affirmed.
“You and I know that expectations are high, and these are tough times. We must work hard and move ourselves to create a buoyant economy that will serve Nigeria. We have an employment rate that is unacceptable, and we are facing threats from climate change. In order to turn things around, you have been selected to perform your utmost best. Our policy implementation will reform the economy, ensure inclusive growth, and strengthen security for peace and prosperity. Without security, there can be no investment,” the President said.