Vice President Kashim Shettima on Monday disclosed that Nigeria was in a big mess and under the chain of poor governance but with potentials of greatness.
The Vice President said, addressing the country’s fiscal and tax policies remain key to realizing Nigeria’s economic development.
Shettima’s comments is coming few hours after the minister of finance and coordinating minister of the economy, Wale Edun announced that the present administration inherited a bad economy from former President Muhammed Buhari.
“We are in a big mess, but I have confidence in your team. This is a great nation chained by poor governance, chained by many challenges and my principal is a man of courage and conviction, he is a progressive man in the Nigerian political space,” Shettima told a tax reform committee at the presidential villa, Abuja.
A statement by the director of information in the office of the Vice President Olusola Abiola said the presidential committee on fiscal policy, tax reforms is expected to develop a robust roadmap that will transform the economy of the country.
Speaking on the importance of fiscal policy and tax reforms, the Vice President noted that it is a potent tool for resource mobilization and as such, he charged the Committee to make recommendations that are quick deliverables in view of the nation’s current economic realities.
While assuring the committee of the National Economic Council’s cooperation, he said “our focus should largely dwell on domestic resource mobilization especially with trends in the world today, even the biggest economies in the world are faced with this reality.”
Special Adviser to the President on Revenue, Zaccheus Adedeji, in his remarks, said that the Presidential Committee would be interested in working with the National Economic Council (NEC) which is chaired by the Vice President “to ensure effective collaboration with the sub-national governments who are critical stakeholder group in the task before the Committee.