Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the increase in Nigeria’s revenue recorded in the 2024 fiscal year is being strategically allocated to various social intervention programmes aimed at improving the living standards of citizens and addressing pressing societal needs.
The minister said the social investment programme was targeted at impacting 60 per cent of the poorest, reaching 20 million persons.
He also spoke of a comprehensive proposed agenda for economic reform, which aims to reduce inflation, create jobs, and stimulate growth in key sectors of the economy.
At his October 1, 2024 address, President Bola Tinubu announced that the government’s revenue for the first half of 2024 (January to June) stood at over N9.1tn—more than double the N4.06tn generated in the same period in 2023. [THE PUNCH]
