Vice President Yemi Osinbajo has retariated the need for an effective synergy between the Fiscal and Monetary aspects of Nigeria’s economy and how to better manage the country’s foreign exchange rate.
Osinbajo said this at Ministerial Retreat holding at the state house conference center Abuja declared open by President Muhammadu Buhari.
The Vice President who detailed some of the game changing achievements of the Federal Government, said the first areas of concern in the economy is the synergy between fiscal and monetary policy.
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The failure of that synergy has led to unnecessary drawbacks in the economic performance and planning.
The Vice President listed the game changing achievements of president Mohammadu Buhari to include the development of infrastructure “with the creativity introduced to infrastructure financing.”
He also spoke about the success of the Socially Investment Programmes and the improvements in generating capacity in the power sector and the Solar Power Naija which is in the process of providing off-grid power to about 20million Nigerians.
The Vice President Further He spoke about the progress in Digital Economy with the sector contributing over 18% to GDP in the second quarter of 2020, almost three times the oil and gas contribution.
Editor: Ebuwa Omo-Osagie
