Daily Independent
17 March 2011
Minister of Finance, Dr. Olusegun Aganga, has said the Federal Government's economic growth strategy is based on four pillars, including fiscal reforms.
He made this known in New York
Speaking at a luncheon held in his honour by the Nigerian Consulate in New York, Aganga said the pillars include access to cheaper, longer term funding (capital); inclusive growth, which is about creating jobs and reducing poverty; removing barrier, which include power, infrastructure and IT penetration, in order to increase productivity; and creating the right business environment so that local businesses could survive.
In the area of creating the right business environment, he said government would soon announce some incentives for 16 sectors.
On the fiscal side, he said it is based on three main objectives, which include maximising, diversifying and protecting revenues; and enhancing the quality and efficiency of spending in terms of acountability.
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