Agora Policy, a think tank, says it is imperative to ensure the goals of trade, monetary, and fiscal policies are properly aligned and as clear as possible.
Agora Policy, a think tank, says fiscal discipline is crucial for maximising benefits from the reforms of the federal government.
“For a country battling with a high debt burden, expanding budget deficit, and strangulating inflation, the different actors in the economic policy arena should be singing from the same hymn sheet of inflation control and fiscal consolidation,” Agora Policy said.“In conclusion, we submit that sustained fiscal discipline is crucial to ensure that the potential gains from fiscal reforms are maximised for the benefit of citizens.
In addition, the company said there is a need for sustained and strategic investments in social welfare programmes, infrastructure, and human capital development, which would make growth more inclusive and close socioeconomic disparities.“The different policy arms need to work in concert, not at cross-purposes,” the firm said.
The think tank further urged the government to take urgent measures to improve oil and non-oil revenue.
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