FG considers economic emergency plan to stabilize Nigerian economy.
The federal government plans to introduce an ‘economic emergency plan’ to stabilize and grow Nigeria’s economy, according to Finance Minister Wale Edun. This initiative, pending the President’s approval, aims to implement macroeconomic reforms and protect vulnerable populations amid high inflation.
Edun highlighted the government’s efforts under President Tinubu to ensure social protection, including direct payments to support 75 million Nigerians. Additionally, he announced a substantial revamp of the federal revenue system to meet governmental obligations.
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