The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria has grown its foreign reserves by four billion dollars since January.
Speaking at an investor meeting for the issuance of 500 million dollars FGN bond on Thursday, August 15, the minister said the aggregate Federal Government revenue doubled.
According to Edun, the implementation of robust fiscal policies and reforms aimed at enhancing revenue collection efficiency across various sectors was responsible for the improvement.
He also noted that the macroeconomic reforms of the President Bola Tinubu administration have begun yielding fruit with several interventions initiatives targeted at improving the lives of the people.
“The process was difficult at first, but with technology and determination, it has been increased.
- “Last month, a million households representing five million people received their payments. That will be maintained and increased,” he said.
