NewStats: 3,262,159 , 8,176,269 topics. Date: Sunday, 01 June 2025 at 03:19 AM 6i2l1b

The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”

Private sector to drive the economy
Speaking further, Mr. Edun noted that the prevailing circumstances that necessitated the economic growth of the 2010s were not present today hence the government has to allow private funding for certain problems.

He specifically mentioned FDIs and domestic investment by Nigerians as ways in which the private sector can contribute to President Tinubu’s strategy of economic recovery.

He said the President’s antecedents of deploying private investment in areas such as infrastructure, power, waste management etc. during his time as Governor of Lagos serves as a pointer towards the plan of the current istration.

Key Priorities of President Tinubu
Speaking on the key priority areas President Tinubu will focus on, the finance minister said, “The key priorities are to improve the lives of Nigerians by providing food security by ending poverty.

“His plan for the economy is economic growth, job creation, access to capital- particularly consumer credit that makes goods affordable to the average Nigerian.

“Utilising our human resources- our vast, capable human resources, by focusing on inclusivity-women, youth and making all have the opportunity to contribute to prosperity and likewise focusing on security, rule of law and corruption. He intends to create a fairer, safer playing field for all.”

Commenting on how the President hopes to measure performance, Mr Edun said objective measure of performance will be used, he made reference to inclusivity when he said “In the area of inclusivity, we will measure literacy rate, out-of-school children and see how successful the trend in reducing out-of-school children, rule of law, anti-corruption etc likewise other metrics will be used to check how well the istration is doing”

Keys to achieving President Tinubu’s agenda
He further mentioned that the key to achieving President Tinubu’s agenda is increasing revenues so that there is enough funding from the government to carry out its expenditure.

In his words, “On the one hand is by increasing tax revenue not by increasing taxes but by bringing greater efficiency and to maximise the revenue. There will be an emphasis on efficiency in government expenditure and effective debt management so that borrowing has linked to it, the effective debt management.”

“Overall, the President is going to provide a better life for all by encouraging investment that improves productivity, grows the economy and thereby creates jobs and reduces poverty”

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

Wale Edun is an Igbo name


He’s from Anambra


We won’t take this


He’s an IPOB


Yoruba Ronu

Meaning during the Jonathan Era?

This one is using his brain
unlike those posting pics of train to nowhere when people are finding it difficult to feed.

So what exactly did Osinbajo and Buhari achieve in government

Same people Tinubu and South West ed twice

Buhari performed so bad that some people thought he was cloned..

Nigeria was still the same twenty years ago except that it was a little bit if not more better then.
The advent of all this corrupt and greedy leaders has rendered our economy irretrievable and morally degraded.

Still affirming that the APC has truly bastardized the economy. Truth is truly always bitter to tell. APC morons see as them dey disgrace una

The consequences of Igbo marginalization. Meanwhile Igbos are thriving in their individual businesses while the economy is sinking

At least he's intelligent enough to be honest.

The APC Corn-demic Army on nairaland feels otherwise.

BoldBrainz:
At least he's intelligent enough to be honest.

The APC Corn-demic Army on nairaland feels otherwise.

Only a fool and tribal warlord s APc

it takes nothing to know that since APc came on board we have been retrogressing as a country..

yet these senseless vampires ed Buhari for bloody eight years..
the likes of helinues and yamiro are people i share a country with.. OMG

Tinubu's Govt is dominated by Igbos, just look at what this Igbo man Uwale Educhukwu is telling Nigerians about the economy performing better a decade ago before Buhari took over

He its it doesn't make him different from all the others.

They are all bunches of lossers

taylor89:
Wale Edun is an Igbo name


He’s from Anambra


We won’t take this


He’s an IPOB


Yoruba Ronu

Ronu people ed our decline under Buhari for eight years..

what exactly did they gain from it?..

A Tinubu presidency that will bury the country

Nigeria's economy was stable during Jonathan's regime but the greedy wicked Jagaban deceived the gullible and they sacked Jonathan, destabilised the economy in their mad grabbing of public wealth since 2015 and finally threw it to the waste bin on May 29 2023.

One of our major problems in this country, is that we have failed to objectively reason beyond Tribal, Religious & Party sentiments.

Lateefodutola:
Nigeria was still the same twenty years ago except that it was a little bit if not more better then.
The advent of all this corrupt and greedy leaders has rendered our economy irretrievable and morally degraded.

The military regime was more credible than these worthless corrupt politicians.

siofragspot:


The military regime was more credible than these worthless politicians government

100% true!

siofragspot:

The military regime was more credible than these worthless corrupt politicians.

With the way this man is just dishing out truth eh... From saying that NBS statistics on employment rate is flawed to this statement.

Be like say very soon corn people will start calling him Obedients and IPOb member.

One of our major problems in this country, is that we have failed to objectively reason beyond Tribal, Religious & Party sentiments

Tinubu is the worst thing to ever happen to Nigeria.

I would even prefer Buhari to take over from him because Buhari is way better than him.

No wonder he said Nigerians would miss him, he knows Tinubu more than 99.9% of people that Voted for BAT.

I can't use because of Tribalism and be ing evil.

Ten years ago was pdp gej era

So economic was last active when pdp was there and the foolish tinubu was rioting that Nigeria must enter apc hands to kill it.

I think this puts to bed the stupidity of apc ers always blaming pdp for rot when they are the rot itself

What party was in power then?

saintokwuluora:
Nigeria's economy was stable during Jonathan's regime but the greedy wicked Jagaban deceived the gullible and they sacked Jonathan, destabilised the economy in their mad grabbing of public wealth since 2015 and finally threw it to the waste bin on May 29 2023.

Did you know that it took Buhari months to inaugurate his cabinet?..
The Economy took a bad hit as everything was in comatose.

Buhari successfully made Nigeria the poverty capital, and that in turns means insecurity because people must feed.. Bandits, herdsmen, kidnappers, ipob, Unknown gunmen all were Buhari creation..

But why would Ronu People this for bloody eight years?.. I can't understand this level of self hate..

Thank you Wale, your honesty in itting that Buhari and APC failed Nigeria is a positive sign that you will be better than the criminal ministers that served under Terrorist Buhari

Useless government

I'm glad they know PDP government was like heaven compare to the miserable APC government

The first time am seeing APC not blaming Jonathan