President Tinubu Highlights Govt Actions To Drive Sustainable Growth At Accountants Conference

President Bola Tinubu said that his administration has made important decisions in the last 17 months to stop the country's decline and set it on a path toward higher, sustainable, and inclusive growth.

During the 54th Annual Accountants' Conference - themed "Governance Reimagined: Mapping the Future" - held on Tuesday in Abuja, Tinubu's address was delivered by Alhaji Abubakar Bagudu, the Minister of Budget and Economic Planning.

He noted that the conference is taking place during a time when the governance landscape is changing significantly, creating challenges and opportunities that require innovative solutions and proactive strategies.

The president emphasized the need for strong collaboration and networking among policymakers, regulators, and professionals to effectively take advantage of these opportunities.

"We are continuing with innovative reform measures: digitization of revenue collection and government services, consumer credit system to boost manufacturing and enable access to goods and services," the president said, as per the official statement shared on X (formerly known as Twitter).

He added, "Our reforms include removing punitive subsidies to the economy. Revenue bleeding has reduced, and the three tiers of government are receiving higher allocations, which enable more support to vulnerable populations."

The president mentioned that his government is working on mortgage system reform to create more opportunities for home ownership.

The administration is also promoting the use of Compressed Natural Gas to provide cheaper and alternative energy sources and establishing an agriculture development fund to reduce risks in agricultural investments.

Tinubu noted that social investment spending is rising, the minimum wage has increased, student loans are now available, and there are more programs to support small businesses, farming, fishing, and the livestock sector.

The president explained that his government is dedicated to using advanced technologies to enhance transparency and efficiency while forming strategic partnerships for sustainable development.

He encouraged the accountants to actively participate in the discussions happening over the next few days, share their insights, and build new connections, urging them to work together to create actionable plans that will lead Nigeria toward a future where governance is based on integrity, transparency and accountability.

The president challenged the accountants to take on the role of guardians of governance and accountability, using their combined expertise to promote a more transparent, efficient, and fair society.

Tinubu emphasized that their role as accountants in fostering transparency, maintaining integrity, and effectively managing the nation's resources is essential. He mentioned that their expertise not only influences the economy but also strengthens the trust that supports societal progress.