Tinubu focused on prudent management of resources – Fasua

In his remarks at the dialogue, the Special Adviser to the President on Economic Matters in the Office of the Vice President, Tope Fasua, said that unlike past governments, the Tinubu administration was focused on prudent management of resources. According to him, “The N28.7trn is not enough to achieve economic growth instantly but the president […]

In his remarks at the dialogue, the Special Adviser to the President on Economic Matters in the Office of the Vice President, Tope Fasua, said that unlike past governments, the Tinubu administration was focused on prudent management of resources.

According to him, “The N28.7trn is not enough to achieve economic growth instantly but the president is an auditor and accountant and his thinking is always how to be frugal with resources. This is why he also brought the likes of Wale Edun and Olayemi Cardoso, renowned economists as Minister of Finance and CBN governor to help him achieve that. The minister of finance has already announced a policy Treasury Single Account to deduct 50 per cent of revenue of MDAs generating from source to ensure our resources are judiciously paid,”

Speaking further, he noted that the government had taken its hands off running businesses and is now focusing on providing a conducive environment for growth

“Effective policies are important and one key thing to note in this government is that the era of government running businesses is over. The era of government running mills and refineries is also over. All we are doing is to provide conducive atmosphere to thrive and we encourage public input to guide the government.”

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Fasua further urged Nigerians to also hold state governors accountable as revenues from the Federal Account Allocation Committee have been on the increase.