{"id":649,"date":"2025-06-10T03:22:01","date_gmt":"2025-06-10T03:22:01","guid":{"rendered":"https:\/\/eandelmagazine.com\/eandelmagazine\/?p=649"},"modified":"2025-06-10T03:22:01","modified_gmt":"2025-06-10T03:22:01","slug":"nigerias-economy-back-on-track-minister-budget-and-economic-planning","status":"publish","type":"post","link":"https:\/\/eandelmagazine.com\/eandelmagazine\/nigerias-economy-back-on-track-minister-budget-and-economic-planning\/","title":{"rendered":"Nigeria\u2019s Economy Back on Track \u2013 Minister Budget and Economic Planning"},"content":{"rendered":"

Atiku Bagudu, the Minister of Budget and Economic Planning, says President Bola<\/strong> Tinubu\u2019s<\/strong> administration has implemented bold reforms that have positioned the nation\u2019s economy for sustained recovery and growth, despite short-term pain.<\/p>\n

The minister said this while addressing State House Correspondents after a courtesy call on Tinubu in his Lagos residence on Saturday night.<\/p>\n

Mr. Bagudu commended the administration\u2019s economic policies, stating that Nigeria is beginning to reap the fruits of long-overdue structural changes.<\/p>\n

\u201cWe\u2019re not where we want to be, but these steps have turned the economy in the right direction,\u201d he said.<\/p>\n

The minister emphasised that the Tinubu administration\u2019s decision to end costly subsidies on fuel, foreign exchange and electricity was pivotal.<\/p>\n

\u201cDecades of underinvestment brought Nigeria to a point where even paying salaries was difficult.<\/p>\n

\u201cBy cutting these subsidies, we freed up resources. Today, subnational governments, states and local governments have nearly tripled the funds they had before. That\u2019s transformative,\u201d Mr. Bagudu stated.<\/p>\n

The funds, he averred, were being channeled into infrastructure, agriculture, consumer credit, digital innovation and human capital development.<\/p>\n

\u201cThese are not abstract promises. We are seeing real allocations going to security, education, and economic empowerment,\u201d he added.<\/p>\n

According to Mr. Bagudu, these reforms are already inspiring a resurgence of investor confidence.<\/p>\n

\u201cOne of the greatest differentiators between developed and developing countries is the level of investment. Both public and private.<\/p>\n

\u201cWe are now correcting years of neglect. That is a Herculean task and that is central to reforms.<\/p>\n

\u201cThere is a visible return of private capital, both domestic and international. Investors are taking Nigeria seriously again. They see a government that\u2019s making tough but necessary choices,\u201d he said.<\/p>\n

The minister likened the administration\u2019s early efforts to laying a strong foundation.<\/p>\n

\u201cWhen someone starts by filling the hole under a house, you might think they\u2019ve done nothing because you don\u2019t yet see the walls.<\/p>\n

\u201cBut President Tinubu has been honest. He said from the start: we\u2019re in a hole, not because we want to blame the past, but because critical decisions were delayed for too long,\u201d he said.<\/p>\n

Source: premiumtimesng<\/em><\/h6>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Atiku Bagudu, the Minister of Budget and Economic Planning, says President Bola Tinubu\u2019s administration has…<\/p>\n","protected":false},"author":2,"featured_media":650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"featured_image_urls":{"full":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",800,496,false],"thumbnail":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM-150x150.png",150,150,true],"medium":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM-300x186.png",300,186,true],"medium_large":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM-768x476.png",640,397,true],"large":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",640,397,false],"1536x1536":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",800,496,false],"2048x2048":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",800,496,false],"wpucv-grid-three":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",360,223,false],"wpucv-grid-two":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",600,372,false],"wpucv-grid-one":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",800,496,false],"wpucv-classic":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",274,170,false],"wpucv-classic-small":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",150,93,false],"wpucv-galary":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",400,248,false],"covernews-slider-full":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",800,496,false],"covernews-slider-center":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",800,496,false],"covernews-featured":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM.png",800,496,false],"covernews-medium":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM-540x340.png",540,340,true],"covernews-medium-square":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-08-at-4.07.47-PM-400x250.png",400,250,true]},"author_info":{"info":["Saint Rich"]},"category_info":"Economy<\/a>","tag_info":"Economy","comment_count":"0","_links":{"self":[{"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/posts\/649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/comments?post=649"}],"version-history":[{"count":1,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/posts\/649\/revisions"}],"predecessor-version":[{"id":651,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/posts\/649\/revisions\/651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/media\/650"}],"wp:attachment":[{"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/media?parent=649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/categories?post=649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/tags?post=649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}