Nigerian Government To Partner With N’Assembly In Shaping Financial, Economic Policies

The Federal Government of Nigeria has announced its intention to foster partnerships with the National Assembly and other key stakeholders across various sectors to achieve sustainable economic growth and ensure sound financial management for the nation.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reinforced this commitment at a High-Level Interactive Session with members of the National Assembly, heads of agencies, and directors of the Ministry in Abuja.

He reiterated that the primary goal under President Bola Tinubu’s leadership is to ensure that fiscal policy remains strong, consistent, and aligned with monetary policy.

“We remain focused on maximizing the national interest. But let me immediately indicate here that this talk of collaboration and cooperation, which is also resonating at the Sustainable Energy for Development event I am attending, is not just within the government. It is also between the government and, in particular, the private sector. The financial sustainability we are eagerly seeking truly relies on strong collaboration with the private sector.”

“We want to enhance transparency, reduce waste, foster accountability in public financial management, and, of course, optimize our resources. I am confident that through our collective resolve, using macroeconomic tools, we can chart a course that will lift our people out of poverty in substantial numbers.”

Also speaking, the Minister of State for Finance, Doris Uzoka-Anite, emphasized that with collective efforts, shared responsibility, and continuous commitment to governance, Nigeria can achieve the ambitious goal of a one trillion-dollar economy.

“The event provides a unique platform for us to engage in meaningful dialogue and exchange valuable perspectives on strengthening collaboration to achieve sustainable financial management and economic development in Nigeria. This program stands as a testament to the unwavering commitment of the Federal Ministry of Finance to foster partnerships with key stakeholders across various sectors.”

“We recognize that achieving sustainable economic growth and ensuring sound financial management for our nation requires collective efforts, shared responsibility, and a continuous commitment to governance. I assure you that your insights and contributions will be highly valued and will play a crucial role in shaping our collective approach toward economic transformation.”

“Furthermore, it is through strong collaboration—particularly between the legislative and executive arms of government—that we can refine our budgetary processes, enhance fiscal discipline, and improve transparency in public financial management. By reducing inefficiencies, eliminating waste, and optimizing resource allocation, we can direct our collective efforts toward accelerating national development, particularly in critical sectors such as infrastructure, healthcare, agriculture, education, and social welfare.”

The Chairman of the Senate Committee on Finance, Senator Mohammed Musa, stated that the legislative arm of government would strengthen the mechanisms that enhance accountability while fostering an enabling environment for economic growth.

“The ongoing tax reforms represent a critical step toward achieving a more sustainable and equitable tax system, along with a well-structured tax legislation. These reforms also aim to create a fair and efficient system that supports businesses, encourages investment, and promotes national development. It is imperative that we work together across legislative, executive, and institutional frameworks to ensure that these reforms translate into tangible benefits for our citizens. Collaboration is key.”

“Ministries, departments, and agencies must work in synergy with the legislature to ensure that policies are not only well-crafted but also effectively implemented. Strong institutional frameworks, coupled with strategic policy alignments and legislative oversight, will drive sustainable growth and fiscal stability. As we engage in this interactive session, let us reaffirm our commitment to strengthening accountability, improving efficiency, and ensuring that every decision we make contributes meaningfully to national development,” he added.

The session, which seeks to leverage collective expertise, experiences, and insights to shape policies that will stand the test of time and create a brighter future for Nigeria, is themed: “Strengthening Collaboration for Sustainable Financial Management and National Development”.

Olusola Akintonde