President Bola Ahmed Tinubu’s administration has shown commendable performance in fiscal responsibility and management. One major area where this government stands out is in its transparency in financial dealings and protections.
Since assuming office, President Tinubu has made it a priority to run a government that is accountable and transparent to the citizens. This has been evident in the way the government has handled its finances and economic policies. In fact, just a few days ago, Fitch Ratings upgraded Nigeria’s credit outlook to positive, citing reform progress under President Tinubu’s leadership.
One of the major achievements of this administration in terms of financial transparency is the implementation of the Treasury Single Account (TSA). This policy has helped to centralize and better manage the government’s revenue and expenditure. It has also reduced corruption and leakages in the system, ensuring that public funds are used for the benefit of the citizens.
Another notable achievement in financial management under this government is the successful implementation of the Whistleblower Policy. This policy has encouraged citizens to report cases of corruption and financial misconduct, leading to the recovery of billions of naira in stolen funds. This not only shows the commitment of the government to fighting corruption but also its transparency in handling public funds.
In addition, the government has introduced various fiscal measures to diversify the economy and reduce dependence on oil revenue. This includes the launch of the Economic Recovery and Growth Plan (ERGP), which aims to achieve sustainable and inclusive growth through diversification, and the Ease of Doing Business initiative, which has improved the business environment and attracted more investments into the country.
Furthermore, the government has taken steps to address the issue of ghost workers, which has been a major drain on the government’s finances. Through the implementation of the Integrated Payroll and Personnel Information System (IPPIS), the government has been able to weed out thousands of ghost workers, saving billions of naira.
It is also worth mentioning that the government has been transparent in its borrowing and debt management. Despite the economic challenges faced by the country, the government has been able to secure loans at favorable interest rates, reducing the burden on the economy.
Bola Ahmed Tinubu-led federal government has shown commendable performance in its fiscal responsibilities and management. Its commitment to transparency in financial dealings and protections has earned the country a positive credit outlook and boosted investor confidence.
