Hardship: We appreciate your endurance — FG tells Nigerians

President Bola Tinubu’s administration has expressed gratitude to Nigerians for their patience in the face of daunting period of economic reforms.

This appreciation was conveyed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during a session with the Senate Committee on Finance on Thursday.

According to him, teething problems from the reforms are over for Nigerians as positive indicators for better days are already emerging.

“The two critical reforms on market-based price of Premium Motor Spirit (PMS) and foreign exchange, are now at the stage of results delivery and by extension, viability of the Nation’s economy through restoration of fiscal viability,” he stated.

“These two pillars of the economic reforms that have taken positive shape now portends additional revenue for government, recovery of the finances of NNPCL and strong basis for growing the economy, in terms of attracting investment and creating of jobs.

“I think we need to commend Nigerians for staying the cause to this stage of getting benefits.”

Moreover, Chairman of the Committee, Senator Sani Musa, noted that the meeting aimed to examine the effectiveness of these economic reforms.

He outlined key topics, including the impact of domestic crude sales to local refineries in Naira, the medium-term expenditure framework for 2024-2026, and the projected fiscal strategies for 2025-2027.

“This discussion highlights our commitment to transparency and accountability in managing the nation’s resources,” Senator Musa stated. “Through cooperation with the Ministry of Finance, the Central Bank of Nigeria, the Revenue Mobilization and Fiscal Commission, and other stakeholders, we are dedicated to identifying solutions that ensure financial integrity and support for our economy.”