Minister of Budget and Economic Planning Atiku Bagudu has hailed President Bola Tinubu’s economic reforms describing them as a “global reference point”, that are strengthening Nigeria’s federalism and boosting State finances.
Bagudu stated this on Monday in a remark to welcome delegates at the two-day conference of the National Economic Council (NEC) held at the presidential villa, Abuja.
He also praised President Tinubu’s active engagement with the National Economic Council (NEC) – a constitutional advisory body chaired by Vice President Kashim Shettima.
“Your Excellency… over the past two years, you have attended at least four NEC meetings, demonstrating your respect for our federalism,” Bagudu told the conference, which brings together Governors of the 36 States and the Minister of the Federal Capital Territory (FCT).
He highlighted how the reforms of the present administration – including subsidy removals and fiscal adjustments – have improved the financial health of states and local governments, with the federal government shouldering most of the burden.
Minister Bagudu cited recent endorsements from international bodies, noting that a World Bank delegation last week described Nigeria’s changes as a model for others, while an IMF report ranked the country among the top 10 contributors to global growth.
“More important than what others say is what Nigerians say,” he added, pointing to broad support from NEC members across party lines, some of whom have voiced reluctance to oppose the Tinubu’s government.
Bagudu urged sustained momentum towards ambitious goals, including eradicating poverty and achieving a $1tn economy by 2030.
He called for mobilising federal, state and local governments, alongside citizens, to equip Nigerians with skills for global competition.
The Minister commended governors of the 36 States for their cooperation on national challenges like curbing oil theft, coordinating fiscal policies, security and infrastructure.
The special NEC conference underscores Nigeria’s push for unity amid economic headwinds, with governors leading committees on revenue generation and grassroots development.
NewsQuest reports that positive assessments of the Tinubu administration have often highlighted GDP growth, reserve increases, and global endorsements, with critics however pointing to inflation and living costs.
