The Nation Newspaper Edun: Fed Govt to address inflation, liquidity issues
has outlined its strategic plan to counter the challenges posed by excess liquidity in the financial system, curb inflation and stabilise the economy.
This measure, he explained, is aimed at facilitating a collaborative effort between fiscal and monetary authorities to reduce inflationary pressures and stabilize the exchange rate.He stressed the urgency of improving tax revenue, citing Nigeria’s tax-to-GDP ratio of 10 percent as insufficient compared to regional averages, signaling the need for comprehensive reforms.
The government, he said, is working with organizations such as the African Development Bank to create agro clusters to increase food production nationwide.
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