No going back on subsidy, forex reforms – Finance Minister

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared unwavering commitment to President Bola Tinubu’s reforms in the foreign exchange and oil and gas sectors, stating that the administration will not reverse its policies.

Edun made this statement on Monday while welcoming Doris Uzoka Anite, the newly appointed Minister of State for Finance, at the Ministry’s headquarters.

Edun said, “Nigeria now have a foreign exchange rate that is market based and also a deregulated oil market pricing which are two reforms that are long overdue over many decades that President Tinubu is currently implementing.

“Therefore as co-ordinating minister of economy, we stand on a threshold of a new dawn to implement these reforms and increase productivity, create jobs and reducing poverty and we are glad to have a minister of state that will help in actualizing the President’s reforms.”

He added that consultation and collaboration is key to achieving these key reforms both from public and private sector, adding that ongoing economic policies are showing sustainability and sign of success.

In her response, the minister of state for finance, reiterated her commitment to work with stakeholders in both private and public sectors to ensure economic growth is materialized