The Federal Government has announced significant boosts in the nation’s economy, with the Excess Crude Account standing at 473.75 million dollars and the stabilisation account at over N28.7 billion.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this disclosure at the 142nd National Economic Council, NEC, meeting, presided over by its chairman, Vice President Kashim Shettima, in Abuja, adding that the nation’s natural resources fund stood at over N53.89 billion.
This is contained in a statement on the NEC meeting by the Senior Special Assistant to the President on Media, Stanley Nkwocha.
According to him, the Vice President linked the boost in Nigeria’s economic outlook to the financial prudence and transparency framework adopted by President Bola Tinubu.
The Vice President, according to the statement, said: “At the helm of the nation’s affairs is a leader who always reminds us of the necessity of making the right calls to deliver on our promises to the nation.”
Shettima also pointed out why President Tinubu earned and deserves the title Jagaban, conferred on him by the Emir of Borgu.
“The President is Jagaban (the front-row commander); he has a rare political virtue that has made him the unifying nub of the zeal to serve the country.
“We highlighted Nigeria’s improved credit outlook by Fitch Ratings, owing to Mr President’s transparency and effective financial management to further the nation’s economic progress.
“Today, as we prepare for the agenda of the day, I am excited by the presence of His Excellency, President Tinubu, a reservoir of ideas, a visionary extraordinaire, as he guides us towards finding common ground.
“Nobody can do so better than he does, and it is this rare political virtue that has made him the unifying nucleus of our aspirations to serve the nation. He is the Jagaban, the front-row commander, for a reason,” he stated.