Finance Minister, Wale Edun, Expresses Confidence In Lifting Numerous Nigerians Out Of Poverty

Finance Minister, Wale Edun, Expresses Confidence In Lifting Numerous Nigerians Out Of Poverty

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announces a positive growth rate of 2.99 percent for the Nigerian economy, surpassing the 2.3 percent growth recorded in the first quarter of 2023.

During the presentation of his ministry’s performance in Abuja on Tuesday, May 27, Edun emphasized the administration’s commitment to lifting many Nigerians out of poverty under President Bola Tinubu’s leadership. He attributed the improved economic growth to the effectiveness of Tinubu’s economic strategy.

Edun highlighted the marginal growth in the agriculture sector, which is expected to contribute significantly to combating inflation. He emphasized the importance of a favorable wet season harvest in stabilizing food prices and managing the food price index to alleviate pressure on inflation.

Furthermore, Edun noted the significant improvements in revenue collection, indicating progress in the government’s economic agenda. He expressed optimism that continued efforts in these areas would lead to further poverty reduction in Nigeria.