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Abuja, Nigeria’s capital, recently hosted the Public Wealth Management Conference, marking the start of an ambitious government initiative to optimize the use of national resources to drive economic growth and create millions of jobs.
Led by Vice President Kashim Shettima, President Tinubu outlined the administration’s vision to unlock the value of Nigeria’s public assets to boost the Gross Domestic Product (GDP) and double the country’s growth rate. in the next eight years.
This innovative strategy highlights the importance of maximizing returns on government-held assets, valued at billions of Naira, by adopting efficient asset management practices and enhancing foreign exchange liquidity.
Tinubu stressed the need for transparent, accountable and efficient management of national assets to increase revenue and investment in key sectors such as education, health, infrastructure and youth empowerment.
Meanwhile, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, highlighted ongoing measures to mitigate inflation and reduce food prices across the country, highlighting the crucial role of the Ministry of Finance Incorporated in the promotion of financial and budgetary stability.
Dr Shamsudeen Usman, Chairman of the Board of Directors of the Ministry of Finance Incorporated, announced a new policy aimed at strengthening corporate governance and fostering collaboration with asset operators, while launching a Readiness Fund N100 billion projects to increase professionalism in asset management and restore investor confidence.
This new impetus towards dynamic management of public wealth promises to transform the national economy and guarantee a prosperous future for all Nigerians.
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