Buhari highlights steps he will take to build a ‘resilient economy’ for Nigeria

President Muhammadu Buhari has promised that his administration will build a more resilient economy, especially as Nigeria recovers from the coronavirus pandemic that brought the world to its knees.

To achieve this, he assured Nigerians that the Federal Government would continue to implement fiscal measures to improve the nation’s domestic revenues and mobilise external funding support.

The President stated this on Tuesday in his closing remarks at the end of the Mid-Term Ministerial Performance Review Retreat in Abuja.

According to him, there must be synergy between fiscal and monetary authorities to keep the economy on the trajectory of growth.

President Buhari also promised that the government’s Social Investment Programmes (SIPs) would be sustained in the coming years.

He added that they would continue to reach out to the poorest and most vulnerable households through the national cash transfer programme and other initiatives.

As a result, the President revealed that he has directed the Ministry of Humanitarian Affairs, Disaster Management and Social Development to develop a legislative framework for social protection which would also guarantee its funding stream.

Acknowledging the critical role of Micro, Small, and Medium Enterprises (MSMEs) in economic growth and development, he said efforts would be geared towards removing all bottlenecks that obstruct access to government support schemes.

The government, according to President Buhari, will also adopt a holistic approach to industrialisation, in line with Nigeria’s aspirations and requirements while working closing with key stakeholders in the private sector.

Meanwhile, he directed cabinet ministers and permanent secretaries to redouble their efforts and work in synergy toward the total delivery of the government’s set targets to improve the livelihood of all Nigerians.

The President also instructed the ministers to ramp up the implementation of their mandates along the nine priority areas of his administration.