Friday, June 28, 2024 - The Federal Government has reported significant boosts in the nation’s economy, with the Excess Crude Account standing at 473.75 million dollars and the Stabilisation account at over N28.7 billion.
The government also said that the nation’s
natural resources fund stood at over N53.89 billion.
The Minister of Finance and Coordinating
Minister of the Economy, Wale Edun, disclosed this at the 142nd National
Economic Council (NEC) meeting, presided over by its Chairman, Vice President
Kashim Shettima, in Abuja.
A statement on the NEC meeting was made
available to newsmen by Mr Stanley Nkwocha, the Senior Special Assistant to the
President on Media.
Nkwocha said the Vice President linked the
boost in Nigeria’s economic outlook to the financial prudence and transparency
framework adopted by President Bola Tinubu.
According to the statement, VP Shettima
said: “At the helm of the nation’s affairs is a leader who always reminds us of
the necessity of making the right calls to deliver on our promises to the
nation.”
Shettima added: ”The President is Jagaban
(the front-row commander); he has a rare political virtue that has made him the
unifying nub of the zeal to serve the country.
”We highlighted Nigeria’s improved credit
outlook by Fitch Ratings, owing to Mr. President’s transparency and effective
financial management to further the nation’s economic progress.
“Today, as we prepare for the agenda of the
day, I am excited by the presence of His Excellency, President Tinubu, a
reservoir of ideas, a visionary extraordinaire, as he guides us towards finding
common ground.
“Nobody can do so better than he does, and
it is this rare political virtue that has made him the unifying nucleus of our
aspirations to serve the nation. He is the Jagaban, the front-row commander,
for a reason.”
Also in the statement, Nkwocha said that
NEC ratified the nomination of six state governors as members of the Board of
Niger Delta Power Holding Company (NDPHC). He said the governors, representing
the six geopolitical zones, were from Borno, Katsina, Imo, Ekiti, Kwara, and
Akwa Ibom States.
Nkwocha said NEC noted the importance of
NDPHC to the country’s economic development in approving the nominations.
He added that the meeting saw the
presentation of key updates and recommendations from various ad hoc committees.
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