FG: Tinubu’s Reforms Have Achieved a Reasonable Degree of Price Stability and Economic Growth
Segun Awofadeji in Bauchi The federal government has said President Bola Tinubu’s reforms have achieved a reasonable degree of price stability and economic growth, adding that the country was gradually
The federal government has asserted that President Bola Tinubu's reforms have brought about a satisfactory level of price stability and economic expansion, suggesting that Nigeria is progressing towards socio-economic stability. The Deputy Minister for Foreign Affairs, Ambassador Sola Enikanolaiye, made these remarks during a sensitization workshop on the ECOWAS Trade Liberalisation Scheme for the North-east geopolitical zone in Bauchi State.
The workshop, themed "Increasing Intra-Regional Trade Through ECOWAS Trade Liberalisation Scheme," was organized by the ECOWAS National Unit of the Ministry of Foreign Affairs in partnership with the Bauchi State Government.
Enikanolaiye emphasized that the workshop aimed to bring Nigeria's foreign policy closer to its citizens and generate economic prospects for businesses, entrepreneurs, and other stakeholders. He emphasized the workshop's objective of encouraging Nigerian businesses, including small and medium-sized enterprises, large-scale enterprises, and agricultural activities, to explore opportunities within the West African sub-region and the broader African market.
The ambassador further stated that the sensitization programme would be conducted across all six geopolitical zones, culminating in Abuja.
Regarding Nigeria's economic situation, the minister attributed the country's relative stability and growth to the economic reforms implemented under President Tinubu's administration. He affirmed that price volatility is influenced by macroeconomic and microeconomic policies of every nation, but he spoke specifically about Nigeria's circumstances. "Without a doubt, the economic reforms of President Bola Tinubu have accomplished a significant degree of stabilization and growth," the minister declared.
Acknowledging that inflation remains elevated, Enikanolaiye stated that it was gradually decreasing while other economic indicators indicated positive trends. During the event, Bauchi State Governor, Bala Mohammed, expressed his administration's dedication to promoting local investments and enhancing business opportunities. The governor, represented by his deputy Auwal Jatau, pointed out that the ECOWAS Trade Liberalisation Scheme aimed to facilitate legitimate trade in qualifying products originating within the ECOWAS region, stimulate investment, broaden markets, reinforce production, and deepen economic collaboration among member states.
The governor also advocated for intensified economic cooperation among North-east states, acknowledging that the region boasts complementary economic strengths.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
