Minister of Finance, Wale Edun and the Central Bank Governor, Yemi Cardoso have wooed foreign investors at the ongoing Annual Meeting of the World Bank in Washington D.C.
They both told Diasporans and would-be investors of the good turns of economic policies and its attendants effects associated with the country since the commencement of the administration at a Session of Meeting held at The Willard Hotels, Washington D.C.
The Minister said efforts are geared towards maintaing fiscal congruence, noting that it is the reason the new team at Nigerian National Petroleum Commission (NNPC) mandated to increase production and save costs.
Edun noted that the admistration is diversifying the economy, assuring of stabilizing the economy in order for the private sector to invest in.
This was just as he stated that optimization of asset is another route to closing the gap in the budget.
“We need to ensure that we maintain fiscal congruence. The mandate of NNPC is to increase production and save cost. We are also diversifying economy.
“We are committed to stabilize the economy so that the private sector will find it attractive to invest.
“Optimization of asset is another route to closing the gap in the budget. The government believes in the sanctity of contracts,” he said.
Also speaking, The CBN Governor said difficult reforms put in place have begun to yield fruits, adding that the country has been able to stabilise its macros.
He assured the country not relenting on its oars despite its period of crisis for the past 18 months.
Cardoso explained that the efforts are all geared towards building confidence and trust.
“The difficult reforms undertaken have begun to bear fruits. We have been able to stabilize the macros. Fitch has upgraded us more recently. No doubt, we are in a period of heightened uncertainty.
“We have for the past 18 months in a period of crisis and our response to that period is to roll our sleeves and ensure we build a stronger economy with respect to resilience and capacity to people and institutions.
“This is all about building confidence and trust but moving in a direction of more confidence and more hope in the interest or Nigeria.
If we continue in the direction so far, we will achieve our set goals,” he said.