SGF praises Tinubu’s economic policies

From Isaac Anumihe, Abuja

Secretary to the Government of the Federation (SGF), Senator George Akume has said that President Bola Ahmed Tinubu administration is committed to implementing bold fiscal reforms, diversifying revenue sources, and enhancing economic policies to reposition Nigeria for sustainable growth, adding that the removal of fuel subsidies, exchange rate unification, and ongoing tax reforms are critical steps toward fiscal stability.

But he noted that the policies will only succeed if institutions like Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) execute their mandates effectively.

The SGF said this at the inaugural plenary meeting of the recently- sworn-in federal commissioners of RMAFC.

The SGF eulogised the chairman of RMAFC, Dr. Mohammed Bello Shehu for the transformative steps he had taken since he assumed the position of the chairman of the commission while congratulating the newly-inaugurated commissioners on their appointments.

He added that their selection was based on integrity, competence and proven track records in the service to the nation. Akume urged them to work assiduously to meet the yearnings of Nigerians.

The senator acknowledged the significant role that the commission plays in the country’s fiscal and economic governance, noting that the duties of RMAFC impact directly on the financial stability of the federal, state and local governments.

The senator gave the assurance that the Tinubu administration was committed to transformative fiscal reforms to foster development and therefore stressed the need to expand revenue sources, curb leakages and ensure that every naira due to the Federation Account is accounted for.

“The Tinubu administration is committed to implementing bold fiscal reforms, diversifying revenue sources, and enhancing economic policies to reposition Nigeria for sustainable growth. The removal of fuel subsidies, exchange rate unification, and ongoing tax reforms are critical steps toward fiscal stability. However, these policies will only succeed if institutions like RMAFC execute their mandates effectively” he said.

In a statement, he further charged the commission to strengthen revenue monitoring, ensure compliance by revenue-generating agencies, prioritise non-oil revenue mobilisation, fast-track the review of the revenue allocation formula, align its strategies with the administration’s economic transformation agenda, and collaborate with key stakeholders, including the National Assembly, Ministry of Finance, and other relevant agencies.

“The nation expects results, and I am confident that this team will fulfill its responsibilities with diligence and excellence. Your work will shape the financial future of Nigeria, and together, we will build a stronger and more self-sufficient economy,” the SGF added.

In his remarks, the chairman of RMAFC, emphasised that the commission plays a pivotal role in Nigeria’s economic governance.

“This occasion provides a unique opportunity for direct engagement between the commission and the highest co-ordinating office of the Federal Government. As a constitutional body, RMAFC plays a pivotal role in Nigeria’s economic governance by ensuring fair and transparent revenue allocation among the three tiers of government,” he stated.

He reaffirmed the commission’s commitment to supporting the Renewed Hope Agenda of President Bola Ahmed Tinubu, emphasising the need for strategic frameworks to enhance revenue generation and fiscal sustainability