Vice-President Kashim Shettima has said the policies being introduced by the President Bola Tinubu’s administration are already yielding results.
Gatekeepers News reports that Shettima said this at the opening of the 16th Annual Banking and Finance Conference in Abuja on Tuesday.
According to NAN, the Vice President said the federal and state governments are now enjoying more substantial allocations.
After the removal of the petrol subsidy in July, the Federation Account Allocation Committee (FAAC) shared a record N907 billion out of the N1.9 trillion revenue generated with the three tiers of government.
Shettima said, “These funds promise a direct and positive impact on the lives of our citizens. Without the serially unaccounted fuel subsidies, we can now redirect our savings towards more deserving causes.
“We envision a future where no leader can resort to the tired excuse of ‘scarcity of funds’ to evade completion of projects or delayed salary payments.
“Nigeria is crafting a story where the welfare of our people takes precedence, and financial accountability reigns supreme.”
The Vice President charged stakeholders to cooperate with the government to enhance the economy.
He said, “We cannot take your support for granted. This journey towards economic rejuvenation is not one to be undertaken in isolation,” he said.
“It is a call to forge robust partnerships with strategic nations and multilateral organisations, for in unity, Nigeria can reposition itself as a formidable, globally competitive partner.”
On his part, the president of the Chartered Institute of Bankers (CIB), Ken Opara, commended the federal government on the initiatives that have been taken so far.
Opara said, “The reform initiatives such as subsidy removal, unifying the foreign exchange regime, investing in infrastructure, promoting agriculture, supporting SMEs and tax reforms, among others, if well implemented will unlock the economic potentials of the country.”
