Omo Naija, make we gree one important news wey just drop from our finance side. Minister of Finance, Wale Edun don yarn say Nigeria don hit 85% performance for capital expenditure as we dey waka through 2024 fiscal year. Wetin this one mean? E mean say our government dey do better job for budget execution now! E happen for Lagos when dem launch Nigeria Economic Summit Group 2026 Macroeconomic Outlook.
Edun talk say e crucial wey Nigeria go fit position as competitive economy both for Africa and worldwide. Dem International Monetary Fund (IMF) don also add wetin dey ground, warn say Nigeria no fit just dey jaga-jaga with those reforms wey we don make. If dem start to dey control prices again anyhow, e go cause wahala for the economy.
IMF Country Representative wey dey Nigeria, Dr. Christian Ebeke, don also talk say we still get plenty work to do. Inflation dey still high, and that one dey limit wetin we fit do policy-wise. He don warn say make we no take progress for granted, we need to continue to dey push forward.
For the Central Bank side, Dr. Muhammad Abdullahi wey be Deputy Governor, Economic Policy, don yarn say as dem dey finalize bank recapitalisation, e no be just about big banks again, but make sure sey we dey push capital enter the real economy. Na small businesses wey go benefit pass this one.
Edun still talk say dem extend 2024 budget to ensure sey critical projects no go just die midway. Na discipline and transparency for fiscal operations wey lead to this 85% capital expenditure performance. No yawa again, any bayan wey dey happen after this go affect our plans wey dey ahead.
Him say no be say 2025 go be as high as this, but dem choose to complete wetin don start instead of start new things wey go add to pressure. He talk sey the government fit meet all statutory obligations, e still dey pay everybody wey dey get salary, no mata how tough e dey be.
Na true be say sustained capital spending go help us reduce food prices, help electricity supply, boost mortgage financing and even accelerate road construction. When we dey gi our people beta life, na so economy dey grow.
As we dey look the road ahead, Edun don talk sey di 2026 budget na “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” This wetin he mean be sey we go step up efforts to turn dis macroeconomic stability into something wey citizens fit see and feel.
Niyi Yusuf, Chairman of NESG, don talk too sey the country don survive one of di worst periods for economy but make we no forget say we still get many levels to climb. He emphasize say growth de slow, and we dey need more than just stability to turn things around.
So my people, we dey say wetin dem dey do matter, as government dey try manage dis phase with new ideas wey go help infuse life into agriculture, manufacturing and other key sectors. Every hand gatz be on deck, because as we move jam 2026, e get as e go be! Make we dey watch each other back and see how we go fit grow together for Naija.
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