Government to Partner with Organised Private Sector

The Honourable Minister of Finance and Coordinating Minister for the Economy, Wale Edun, on Wednesday convened a pivotal meeting with the Manufacturers Association of Nigeria (MAN) and National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) alongside other business association leaders to foster collaboration for a resilient and sustainable economic growth.

The session, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, included the Minister of Agriculture, Abubakar Kyari, and other relevant advisors, including the Permanent Secretary of the Ministry of Finance, Mrs. Lydia Jaliyah.

The discussions centered on challenges faced by the private sector, particularly multiple taxation, access to credit, and infrastructure. 

Edun, on behalf of the government, pledged specific actions and strategies for economic enhancement, including streamlining taxes, enhancing revenue collection, and reducing nuisance value, citing the work of the Presidential Committee on Fiscal Policy & Tax and the restructuring of the FIRS as steps towards achieving these goals.

On infrastructure, the Minister reaffirmed the government’s commitment to addressing existing gaps and highlighted the administration’s focus on agricultural development and food security, emphasizing its role in moderating inflation, especially considering the impact of food inflation on overall rates. This position was further affirmed by the presence of Minister of Agriculture, Abubakar Kyari.

The session resulted in a series of actionable recommendations, calling for urgent reforms and the implementation of the Presidential Fiscal Policy and Tax Reforms Committee’s suggestions. 

HM Edun and the leaders of both MAN and NACCIMA, others, underscored the need for a strong collaborative partnership between the organised private sector and government, expressing the shared commitment of both sectors in steering Nigeria towards resilience and sustainable growth.

The discussions concluded on an optimistic tone for future engagements and laid the foundation for impactful economic policies by the Federal Government.