FG Reaffirms Commitment to Curbing Food Inflation
By Patience Ikpeme
The Federal Government of Nigeria has reaffirmed its commitment to curbing food inflation and enhancing food security across the country.
This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during his address at the Nigerian Economic Summit Group (NESG) conference on Friday in Abuja.
Edun emphasized that the current administration’s economic reforms have significantly boosted Nigeria’s development prospects. He reiterated that the government’s commitment to attracting foreign investment, curbing food inflation, and improving food security is expected to yield positive results.
Acknowledging the challenges within the agricultural sector, the Minister highlighted the importance of consistent strategic planning and adopting successful international models to strengthen Nigeria’s food security.
Edun also pointed to several recent initiatives aimed at promoting economic growth in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration. One such initiative is the introduction of the first US dollar domestic bond, designed to attract savings from Nigerians abroad and fuel domestic economic growth.
The Minister further praised the NESG for its crucial role in facilitating these vital economic discussions, noting that the ongoing macroeconomic reforms will shape Nigeria’s economic future. As these discussions continue, the nation can anticipate a brighter economic outlook, driven by strategic planning, international best practices, and the administration’s unwavering commitment to comprehensive reforms.
