Tuesday, May 21, 2024

Minister calls for innovative solutions to Nigeria’s economic, social challenges

According to him, some of the issues confronting Nigeria as a nation might require out of the box solutions.

• April 15, 2024
Gov. Atiku Bagudu
Atiku Bagudu [Photo Credit: Ripples Nigeria]

The minister of budget and economic planning, Atiku Bagudu, has urged members of the National Institute for Policy and Strategic Studies (NIPSS) to devise creative solutions to Nigeria’s social and economic challenges.

Mr Bagudu said this when  he received participants of the Senior Executive Course 46 of the institute in his office on Monday in Abuja.

According to him, some of the issues confronting Nigeria as a nation might require out of the box solutions.

“The NIPSS was created in the wisdom of our forefathers, to train senior management personnel that can bring unusual solutions to problems confronting us,” he said.

He urged the participants to eschew self-interest and make decisions that can assist the nation in making better choices.

Mr Bagudu said that the national planning function of the ministry comes from the National Planning Commission.

He said  that digital economy is one area that the ministry was looking at for mass youth engagement and economic prosperity.

“Digital economy is an evolving process which the country will have to leverage digital for overall growth and development.

“It is a new reality. Today trading platforms are closing shop and increasingly going digital.

” Nigerian needs to respond positively and reap benefits from digital economy. But we have to make the space safe through effective regulation.

“Some countries have data protection laws which enable them to check and regulate excesses in the digital space,” he said.

The minister commended the law enforcement agencies for promptly going after digital platforms like Binance, which was used to disrupt the foreign exchange market and to weaken the Naira.

He also commended the governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, for his various monetary policy decisions that restored confidence in the Nigerian economy.

(NAN)

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