FG to Nigerians: We appreciate your endurance 

The federal government on Thursday declared that it appreciated the endurance of Nigerians on side effects of economic reforms which according to it have started yielding results.

Appreciation of Nigerians’ endurance by the federal government was made by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, during an interactive session with the Senate Committee on Finance.

According to the minister, teething problems from the reforms are over for Nigerians as positive indicators for better days are already emerging.

He said: “The two critical reforms on market based price of Premium Motor Spirit (PMS) and foreign exchange, are now at the stage of results delivery and by extension, viability of the Nation’s economy through restoration of fiscal viability .

“These   two pillars of the economic reforms that have taken positive shape now, portends additional revenue for government, recovery of the finances of NNPCL and strong basis for growing the economy, in terms of attracting investment and creating of jobs.

“I think we need to commend Nigerians for staying the cause to this stage of getting benefits,” he said.

Earlier in his welcome address to the nation’s economic managers, the chairman of the Committee, Senator Sani Musa said the session was a fact finding one on workability or otherwise of the various reforms.

He said: “Today we gather to deliberate on the pressing matters related to the sales of crude oil to domestic refineries in Nigeria, in Naira and its implication on the approved medium-term expenditure framework and fiscal strategy paper for 2024-2026 and what we should expect for 2025-2027.”

Aside the finance minister, the Group Executive Officer (GCEO) of Nigerian National Petroleum Company Limited (NNPC) Mele Kyari, the Director General of Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe ,representatives of Governor of the Central Bank etc, also attended the session which was later joined by the President of the Senate, Godswill Akpabio while in closed door.