On Tuesday, the Nigerian Federal Government announced its commitment to addressing the difficulties that Nigerians are currently experiencing due to economic reforms, including the removal of fuel subsidies and the floating of the naira. Nebeolisa Anako, the Permanent Secretary of Budget and Economic Planning, delivered this assurance during the 22nd Joint Planning Board meeting held in Osogbo, Osun State. Anako emphasized that these challenges are temporary and will eventually be resolved.
The event, centered around the theme “Imperative for Restoring Nigeria on the Path of Sustainable Economic Growth and Development,” was arranged by the Federal Ministry of Budget and Economic Planning and hosted by the Osun State Government.
Anako remarked, “The current administration is making every effort to alleviate the challenges faced by Nigerians due to economic reforms, which include the removal of fuel subsidies and the floating of the naira. These temporary difficulties will gradually subside.
“I, therefore, take this opportunity to encourage you to leverage your esteemed positions to actively raise awareness among the Nigerian public regarding the long-term benefits of these policies.
“The recent allocation of N5 billion and the distribution of essential food items to each State in the Federation were immediate measures implemented to alleviate the hardships resulting from these reforms.
“It is anticipated that as other medium-term strategies unfold, Nigerians will come to understand the reasoning behind these significant decisions that have been made thus far.”