In a significant move aimed at rejuvenating the country’s struggling economy, Touchaheart Nigeria reports that the Federal Government unveiled an ambitious 8-point agenda.
This comprehensive plan, backed by a strong commitment to transparency and accountability, is set to usher in a new era of economic growth and job creation.
A Challenging Inheritance
Acknowledging the uphill battle inherited by the current administration, President Tinubu’s team has pledged to tackle the pressing issues head-on.
When taking office, the economy was grappling with an inflation rate of 24 percent and distressingly high unemployment rates.
In the words of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, “Per capita has fallen steadily, inflation is at 24 percent, unemployment is high, you know they are rebasing the way in which it’s calculated.”
Eight-Point Agenda: A Comprehensive Approach
The 8-point agenda covers a spectrum of priority areas that will be targeted over the next three years.
These areas include food security, ending poverty, fostering economic growth and job creation, improving access to capital (particularly consumer credit), promoting inclusivity for youths and women, enhancing security, creating a favorable environment for businesses, upholding the rule of law, and intensifying the fight against corruption.
Creating 50 Million Jobs: A Presidential Promise
President Tinubu is unwavering in his commitment to job creation.
He has pledged to create a staggering 50 million jobs through the Ministry of Trade and Investment.
This ambitious goal demonstrates his determination to empower the workforce and steer the country towards a more prosperous future.
Cabinet’s Marching Orders: A Call to Action
During the inaugural Federal Executive Council (FEC) meeting, President Tinubu delivered a resounding call to action to his cabinet members.
He emphasized the collective responsibility to revitalize the economy and improve the lives of the Nigerian people.
This charge came as the “Roadmap for the economy,” presented by the Minister of Finance and Coordinating Minister for the Economy, was discussed.
A Prudent Approach to Governance
President Tinubu’s commitment to prudent governance is evident in his directive to freeze the processing of visas for government officials traveling to the United Nations General Assembly (UNGA) in New York.
This directive is part of broader efforts to reduce the cost of governance in Nigeria.
The President aims to ensure that government officials and expenditures reflect the sacrifices being made by citizens across the nation.
A Promising Future
President Bola Tinubu’s leadership and dedication to turning the Nigerian economy around are evident.
With an 8-point agenda that tackles critical areas and a resolute commitment to transparency, job creation, and prudent governance, the path to a more prosperous Nigeria seems within reach.
As President Tinubu stated, “You and I know that the expectation is high and it’s a tough time right now.”
“We must work hard, commit ourselves, and create a buoyant economy that will serve every Nigerian.”
The nation watches with anticipation as this vision unfolds, and hope for a brighter future is rekindled.
