• Says reforms not primarily about increasing revenue but making Nigeria more competitive investment destination
• Admits Nigerians deserve answers on utilisation of savings from fuel subsidy removal, promises detailed account of spending
• Declares inflation biggest challenge, reveals FG developing framework to reduce cost of capital without reintroducing subsidies to complement CBN’s monetary tightening measures
James Emejo in Abuja
Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday, declared that the federal government’s economic reform programme had entered a new phase of ensuring that reforms translated into investments, productive jobs, and tangible improvements in household incomes.
