The minister of finance and coordinating minister of the economy, Wale Edun has said that the economic reforms implemented by President Bola Tinubu have saved Nigeria an estimated N930 billion.
Edun while briefing members of the Senate Committee on Appropriations said the funds were saved from the market-based pricing for Premium Motor Spirit (PMS) and adjustments to foreign exchange policies initiated by the Tinubu-led administration.
According to Edun, the funds saved so far is about five per cent of revenue lost previously through the listed measures.
Also stating that the present administration inherited a dead economy, Edun said the implementation of the new policies has placed the country on a path of economic growth.
He added,“The administration inherited an economy on the brink, but through targeted reforms, we are now on a recovery path.”
