The federal administration has apologised to Nigerians for the country’s current difficulties.
Atiku Bagudu, Minister of Budget and Economic Planning, apologised in Abuja yesterday, May 22, during the Ministerial Sectoral Update, as part of activities commemorating President Bola Ahmed Tinubu’s one-year anniversary.
He said the way out “is to restore macroeconomic stability that will ensure that investors, both domestic and international, put their faces in our economy once again. And we are all doing this without a blame game.”
He added, “And I apologise for the pain that they may occasion, but they are necessary.
“So, not surprisingly, the exchange rate is not yet where we want it to be. Inflation is not yet where we want it to be.
“Is our strategy right? Absolutely. We believe our strategy is right, but it requires occasional calibration. Put good money to use.
“Nothing we do can solve the problem of underinvestment in various sectors of the economy, be it security, be it education, or be it social welfare, without restoring a macro-economy that can simulate investment in our economy, which will generate revenues for us to fix security.
“Our infrastructure is not catching up with our dreams. Our educational system and our health system are suffering from underinvestment, in addition to our other sectors, the creative economy, the digital economy, and the steel sector.”
A Gentle Reminder: Every obstacle is a stepping stone, every morning; a chance to go again, and those little steps take you closer to your dream.
Nnamdi Okoli