By Mubarak Aliyu kobi
The 2024 National Council on Finance and Economic Development has kicked off in Bauchi, bringing together Commissioners of Finance and Accountants General from the 36 states and the FCT.
This pivotal meeting aims to tackle the pressing issues surrounding Nigeria’s economy and financial fiscal year, with a focus on sustainable mechanisms to boost federal government revenue generation services.
Welcoming the delegates, Bauchi State Governor, Senator Bala Mohammed, emphasized the importance of the gathering in shaping the country’s economic future.
Governor Bala Mohammed shared Bauchi’s experiences in promoting agriculture, tourism, and knowledge economy, creating opportunities for entrepreneurship and job creation.
He stressed the importance of good governance and effective leadership in achieving sustainable development and emphasized the need for states to diversify their revenue streams and invest in human capital development.
Earlier in his Address, The Finance Minister and Coordinating Minister of National Economy Dr. Adebayo Olawole Edun asserted that the federal government’s economic policy is on track to address poverty and sustainable development.
Dr. Edun outlined the federal government’s initiatives to enhance revenue generation, including strategic partnerships and policy reforms, and encouraged state governments to adopt innovative approaches to boost their internal revenue.
The Minister equally emphasized the need for collaborative efforts among stakeholders to drive economic growth and fiscal sustainability.
Our correspondent reports that The conference’s theme, “Fostering Economic Growth in Challenging Times, Strategies for Policies and Partnership for Fiscal Sustainability and National Development,” provides a platform for stakeholders to share best practices and address challenges facing Nigeria’s financial ecosystem.
