How Wale Edun Plans to Ease Economic Pains of Nigerians as Finance Minister

The new Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has pledged to work with his staff to ensure that the economic reforms initiated by President Bola Tinubu are effective and beneficial to Nigerians.

Edun made this pledge on Monday when he assumed office as the Finance Minister at the Presidential Villa in Abuja.

Edun, who was the former Lagos State Commissioner for Finance, said that his priority was to reduce the sufferings of Nigerians and ensure that the economy is vibrant and inclusive for all citizens. He said that he was aware of the challenges facing Nigerians, especially the rising cost of living and the impact of the subsidy removal on fuel and bread prices.

He said: “The expectations of Nigerians are heightened. Mr President has already set the ball rolling to put Nigeria on the course that will take it to rapid, sustained, and inclusive growth.

“He has taken key macro monetary policy measures and fiscal policy measures. He has changed the economy of Nigeria already.

“However, it has come with the initial pain that comes from correction, and it is our duty to help him to ensure that the pain is minimised and his period is shortened.

“That everything that can be done to help the most vulnerable, to help the poorest in society. When we look at the price of fuel N617 per litre, look at the price of bread; I suppose it depends on the size, but at least it’s N1000.

“We know that we have a job to do, of making sure that these reforms do not leave people behind.”

Edun also called for teamwork and collaboration with his staff, whom he described as talented and capable. He said that he had seen their performance and potential in various sectors of the civil service, and he was impressed by their use of technology and innovation. He said that he would support them to achieve their goals and deliver on their mandates.

He said: “You’re all talented; you’re good. There’s huge talent here, and there’s a huge expectation.

“I’ve had interaction, whether it’s through the Presidential Transition Council. I’ve had interactions with finance, with the SGS office in virtually the whole of the civil service in one way or the other. I’ve seen the ability to perform.

“I’ve seen the digitalisation, the automation and the use of technology. So, you can do it. I will just like to say let us work together as a team to achieve.”

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