Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, has asserted that Nigeria’s economy last appeared stable about a decade ago, during former President Goodluck Jonathan’s tenure.
At his first press conference as the finance minister yesterday in Abuja, Edun stated that the foreign exchange (FX) rate was constant, as were interest rates between 2013 and 2014.
According to him, the country had enough foreign exchange at the time, so when people came in to invest and needed to import raw materials or machinery, the government could supply the funds.
He also stated that at the time, Nigeria earned over $80 billion per annum in its coffers, compared to the figure now of around $25 billion. “Nigeria earned and the government earned into its coffers over $80 billion per annum, compared to the figure now of around $25 billion. So, you can see the difference”, he stated.
Edun also outlined President Bola Tinubu’s economic vision, agenda, and strategy and noted that the economy has developed slowly, scarcely faster than the population.
