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do more to develop Nigeria

do extra to develop Nigeria

do extra to develop Nigeria

 Bolaji Ogundele, Abuja


THE Presidential Financial Advisory Council (PEAC) was on Tuesday directed to develop extra methods that can put the nation on a sound financial lever.

President Muhammadu Buhari gave the directive throughout a digital viewers he granted the Prof Doyin Salami-led PEAC.

The President, in response to a press release by his Senior Particular Assistant on Media and Publicity, Mallam Garba Shehu, expressed appreciation to the council for the excellent help and steering it had been offering, which he described as a ‘tutorial’.

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He stated: “We’re a rustic characterised by a big inhabitants of poor individuals, critical infrastructure deficit, lack of housing and a susceptible economic system now haunted by the COVID-19 pandemic and collapse of the oil sector and its impact on the Gross Home Product (GDP).”

Making a presentation to the President, the Council counseled the administration for implementing a number of of its suggestions, even because it introduced the federal government with a lot of robust decisions to make in an effort to put the economic system on the next development path.

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Prof. Salami, who led the presentation, particularly expressed delight with the continuing overview of the Medium Time period Expenditure Framework (MTEF) and the 2020 Finances in view of the disruptions   attributable to COVID-19; the deregulation of the pump value of Premium Motor Spirit (PMS); approval for the implementation of the Oronsaye Report on the necessity to rationalise and restructure federal ministries, departments and companies (MDAs), in addition to the adjustment of the trade price of the naira.

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He, nevertheless, famous that extra wanted to be finished to extend effectivity, coordination and accountability on the a part of MDAs.

The PEAC welcomed the Financial Sustainability Plan (ESP) produced by the Financial Sustainability Committee (ESC) headed by Vice President Yemi Osinbajo and adopted by the Federal Govt Council (FEC).

It, nevertheless, warned that within the implementation of the N2.three trillion spending plan, there may come up a lot of issues which if unattended, may hamper easy implementation.


do extra to develop Nigeria

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