In a resolute statement of intent, newly appointed Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, has affirmed his commitment to unlocking the vast economic potential of Nigeria. Speaking during his inauguration ceremony in Abuja, Minister Bagudu outlined his vision for propelling the nation’s economy forward.
As Nigeria grapples with economic challenges, Minister Bagudu sees this as an opportunity to institute carefully planned interventions that will yield long-lasting benefits. With a pragmatic approach to policy implementation, he aims to navigate the hurdles posed by market-based pricing of petroleum products. The Minister’s promise to enact immediate palliative measures underscores his dedication to addressing economic shocks and fostering resilience.
Acknowledging the collaborative nature of progress, Minister Bagudu called for unity among the ministry’s staff and stakeholders. He emphasized his open-door policy, inviting innovative ideas and constructive input. By harnessing the collective expertise within the ministry, the Minister aspires to devise effective strategies that will drive sustainable economic growth.
A cornerstone of Minister Bagudu’s strategy lies in reforming autonomous agencies and parastatals under the ministry’s purview. Collaborating with the Nigeria Institute of Social and Economic Research (NISER), the Minister aims to base reforms on thorough studies and research. Additionally, he highlighted the crucial role of the National Bureau of Statistics (NBS) in aligning the National Statistical System (NSS) with sector targets and Sustainable Development Goals (SDGs).
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Foreseeing the pressing need to address poverty and improve living conditions, Minister Bagudu’s attention is squarely on the implementation of the newly approved Social Protection Policy. With a focus on inclusivity and welfare, he emphasized the role of States and Local Governments in extending support to citizens.
In line with President Bola Tinubu’s administration’s objectives, Minister Bagudu’s commitment to fostering economic growth and development resonates strongly. By vowing to unlock Nigeria’s economic potential, he positions himself at the forefront of efforts to usher in a new era of prosperity.
Source: Vanguard News
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