The Federation Account Allocation Committee (FAAC) has met in Bauchi, North Eastern Nigeria for its 2024 National Council on Finance and Economic Development (NACOFED) Conference, and emphasized on the strategies for fiscal sustainability and development for the nation.
This year’s theme “Fostering Economic Growth in Challenging Times: Strategies for Policies and Partnership for Fiscal Sustainability and National Development,” the event drew policymakers and stakeholders to discuss strategies for fiscal sustainability and development.
In a statement by the Director of Information and Public Relations, Mohammed Manga on Monday quoted the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, to have emphasized the government’s dedication to refocusing resources on vital sectors like infrastructure, education, healthcare, and social services.
These he said, are aimed to reduce poverty and uplift Nigerians as part of President Bola Tinubu’s Renewed Hope Agenda.
He highlighted direct support programs, such as biometric-based payments for vulnerable households, to mitigate the effects of ongoing reforms.
Bauchi State Governor Senator Bala Mohammed praised the Federal Government’s vision, emphasizing the importance of unity in achieving sustainable development. Discussions centered on forging partnerships across government levels and with the private sector to spur job creation and economic resilience.
The conference concluded with FAAC delegates committed to implementing strategies for Nigeria’s economic revival, underscoring the power of collaboration for national progress.
