• Says govt committed to actualising 7% growth, $1 trillion economy, declares Nigerians must feel impact of reforms

•Abubakar Suleiman chairs newly inaugurated ministerial advisory committee

James Emejo and Deborah Adekoya in Abuja

Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday said the country’s drive towards sustainable economic growth could not rest on “fiscal illusion”.

Oyedele said the administration of President Bola Tinubu had taken some of the most difficult economic decisions in the country’s history, including the removal of fuel subsidy, exchange rate unification, and comprehensive tax reforms. He stated that such measures were necessary because “sustainable development cannot be built on fiscal illusion”.