- February 23, 2022
- Posted by: Bastion team
- Category: World News
Adequate mobilisation of domestic savings for capital formation and investment has been identified as a veritable option for growing the economy.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, stated this while receiving the Working Group Report on the National Savings Scheme in Abuja yesterday.
Ahmed stated that the just launched Medium-Term National Development Plan 2021-2025 recognises the role of a deep financial market in supporting sustainable growth.
“I hope the proposals made in this report will guide the government in taking actionable steps to actualise the objectives outlined,” she said.
She assured that she would work with the Securities and Exchange Commission (SEC) and other stakeholders to ensure that the country fully realises the potential benefits of the scheme.
Ahmed said: “We understand that this initiative will involve several other agencies such as the CBN, FIRS, NAICOM and other important stakeholders. We will leverage our collaborative working environment within the government to ensure we get the necessary buy-in and commitment from relevant stakeholders.
“On behalf of the Federal Government and the Ministry of Finance, Budget and National Planning, I appreciate your selflessness in giving your time and skill in this painstaking work in support of the government. I trust that we will count on your patriotic spirit when we call on you for further support in this or other…