Nation’s economy growing, says Edun

’s economy grew by three per cent in the first quarter of this year, Minister of Finance and Coordinating Minister of Economy Wale Edun, said yesterday.

He attributed the growth to the effective policies and strategies initiated by the Tinubu Administration. Edun expressed optimism that a good wet season would further reduce inflation by increasing food availability, adding that lower inflation would allow monetary authorities to stabilise the exchange rate, lower interest rates, and spur investment.

Edun, who chairs the presidential panel on social investment programmes, announced the restart of direct payments to the poorest households. Edun alluded to a substantial revamp in revenue generation, underscored by the government’s ability to service its debts without resorting to borrowing, especially from the Central Bank of Nigeria through Ways and Means.

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