President Bola Tinubu has reiterated his administration’s commitment to transformative reform initiatives, focusing on the digitization of revenue collection and streamlining government services.
He further reiterated his administration’s introduction of a consumer credit system to stimulate manufacturing and improve access to goods and services.
Additionally, he said a revamped mortgage system is underway to promote home ownership.
Speaking at the 54th Annual Accountants’ Conference themed ‘Governance Reimagined: Mapping the Future” on Tuesday, MrTinubu, represented by Abubakar Bagudu, the Minister of Budget and Economic Planning, highlighted key developments aimed at boosting the nation’s economy.
He said these include expanding Compressed Natural Gas (CNG) use as a cheaper alternative energy source and establishing an agricultural development fund to mitigate investment risks in the sector.
The President further emphasised that eliminating harmful subsidies has curbed revenue losses, enabling the government to allocate more resources to the three tiers of government. This increased funding is being directed toward supporting vulnerable populations.
Tinubu also pointed to a rise in social investment spending, an increase in the minimum wage, the introduction of student loans, and expanded interventions to aid NANO, MSMEs, as well as the farming, fishing, and livestock sectors.
