FG moves to harmonise fiscal data to boost economic stability

The Federal Government will take steps to harmonise fiscal data across various government agencies in a bid to enhance economic stability and bolster investor confidence in Nigeria.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Wednesday while chairing a high-level Fiscal Data Harmonisation Meeting, emphasising the importance of ensuring accurate, timely, and comprehensive economic data to boost investor confidence and stability.

The meeting, held in Abuja, was attended by key stakeholders, including the Honourable Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant General of the Federation, Shamsedeen Babatunde Ogunjimi; and the Director General of the Budget Office, Mr Tanimu Yakubu, among other top government officials.
The discussions centred on addressing discrepancies in fiscal data across government institutions, which have negatively impacted Nigeria’s credit ratings and borrowing capacity.

Minister Edun emphasised the need for synergy between agencies such as the Budget Office, the Accountant General’s Office, and the Debt Management Office (DMO) to ensure consistency and reliability in fiscal reporting. He stated, “Delivering accurate and comprehensive fiscal data is critical to economic stability and investor confidence.”

source: nairametrics.com

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