Wale Edun, minister of finance and coordinating minister of the economy, says the country’s economy has been revamped and Nigerians will soon feel the benefits.
Edun spoke in an interview with Arise on Wednesday during the celebration of Nigeria’s Democracy Day at the Eagle’s Square, Abuja.
He said better days are ahead under President Bola Tinubu’s leadership as the country is set to witness substantial economic progress.
“There is hope for better days to come. We are on the right track. We have turned the economy around and now the benefits are about to be felt by Nigerians. That is the commitment of President Bola Ahmed Tinubu,” Edun said.
“Food distribution is underway, and in addition to that we have revamped and started direct payments to individuals to cover 75 million Nigerians at the end of the day, and that process has integrity, transparency and visibility.
“And it’s just a question of speeding it up, scaling it up.
“We know that before it was not what it should have been but it was stopped in the interest of integrity. But now, funding is being rolled out that will allow people to take money to go to the market and buy.
“And at the same time, there is tremendous focus on food production. That is the key area to focus on now because the economy has been put on track. People must feel it and must feel it soon.
“And Mr. President is aware of that and committed to that, he’s a man of the people, he’s from the grassroots.”
During his Democracy speech, Tinubu said an executive bill on the new minimum wage would soon be sent to the national assembly.
He said the federal government has negotiated with organised labour “in good faith and with open arms” on a new national minimum wage.
Tinubu also said in the process of reforming the economy, he will always listen to the people and never turn his back on them.
