The Federal Government has unveiled plans to revitalize key sectors of the economy as part of a significant effort to address the country’s growth challenges.
This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday during the first inaugural meeting of the Accelerated Stabilization and Advancement Plan (ASAP) Implementation Committee in Abuja.
In a statement, Mohammed Manga, Director of Information and Public Relations, noted that this event marks a pivotal moment in Nigeria’s renewed commitment to tackling critical economic challenges and fostering sustainable development across key sectors.
Edun emphasized that this initiative is a crucial component of President Bola Ahmed Tinubu’s reform agenda, which aims to drive sustainable development in eight priority sectors, including Agriculture, Energy, and Health.
In his opening remarks, the Minister highlighted the collaborative nature of the project, informing the committee that they would work closely with technical experts from various government agencies to establish clear milestones and ensure the effective execution of the Plan.
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He reiterated the government’s commitment to enhancing agricultural productivity, announcing a coordinated dry season farming initiative. This initiative will involve the Federal Ministry of Finance, the Central Bank of Nigeria, the Federal Ministry of Agriculture and Food Security (FMAFS), and the African Development Bank (AfDB), working together to ensure the timely delivery of fertilizers and other critical inputs to farmers.
The meeting brought together key government officials, including the Honourable Minister of Agriculture & Food Security, Senator Abubakar Kyari; the Honourable Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; the Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate; the Honourable Minister of Power, Chief Adebayo Adelabu; the Honourable Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo; and the Director General of the Budget Office of the Federation, Tanimu Yakubu, among others.
As the ASAP Implementation Committee moves forward, it will focus on driving progress in each of the identified priority areas, ensuring that the Plan’s objectives are met with precision and accountability.
With the committee now in action, Nigeria is poised to witness a transformative era of economic growth and development. Under the leadership of Mr. Edun, the committee will work diligently to ensure the effective implementation of the Plan, addressing critical issues and fostering collaboration among government agencies and stakeholders.
As the committee advances, Nigeria can look forward to a brighter economic future, characterized by precision, accountability, and sustainable development.