Tinubu’s Reforms Will Take Time To Yield Benefits – Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has asked Nigerians to be patient with the Bola Tinubu administration.

Edun stated that the benefits of the economic reforms by President Tinubu would not materialise immediately, stressing that the benefits would take time to yield results.

Naija News reports that Edun stated this on Thursday at the virtual 2023 Annual Directors’ Conference of the Chartered Institute of Directors (CIoD) Nigeria in Abuja.

Some of the economic reform taken by the Tinubu government includes removing subsidy from petrol and the unification of the official and parallel markets’ exchange rates.

Edun said the economic reforms were necessary, adding that President Tinubu is working on providing a stable economy and foreign exchange to enable investments in the country.

According to the minister, the source of foreign revenue was not fully diversified even though the Nigerian economy was already diversified.

He said: “The agenda is to provide first and foremost a stable economy, growing more than population growth, with low inflation, stable foreign exchange to enable investments in productive activities.

“This is what the president is working on, and we are a work in progress, and we look forward to the task at hand.

“The big price is to make ourselves a formidable economy, our institutions a corporate governance place so that those interested in investing can have trust in their investment.

“The IoD has a major role to play in championing corporate governance, so we have a clean lead corporate sector which the world can come and partner for growth and progress.”