The federal government is implementing strategies to improve the growth of the real sector and bolster the country’s revenue.
According to Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, the government’s efforts include expanding mining, agricultural processing, and industry, as well as increasing investments in the power and gas sectors.
Mr Edun made this disclosure during a podcast hosted by Bruit Costaud, in collaboration with Ballard Partners of the U.S.A., held in Abuja.
Read Also:
Bruit Costard, managed by former information minister Lai Mohammed, operates as a lobbying and public relations firm and is affiliated with Ballard Partners.
The minister played-back recent fiscal incentives aimed at growing investment in the gas sector, while also stating the importance of a well-functioning market to facilitate Nigeria’s ability to raise funds as needed.
“You need a well-functioning market. This is where we can raise funds from the domestic market comfortably. We are also exploring linking and easing foreign currency securities on the Nigerian market. These are the areas the government is concentrating on,’’ he said.
Meanwhile, the minister also said the government was also working to increase the country’s tax and non-oil sector revenue.
