The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has stated on Tuesday, January 21, 2024, that President Bola Tinubu had steered the economy in a good direction and was determined to remain on course.

This was made known in a statement to the media.

Bagudu spoke during the defence of his ministry’s financial estimates before the National Assembly Joint Committees on National Planning in Abuja.

According to him, Tinubu government's economic reforms were working, and the economy is gradually recovering.

He said: “President Bola Tinubu has steered the economy in the right direction, and we are determined to stay the course.

“Under the leadership of President Bola Tinubu, and with your support, our economy has turned the bend and is facing the right direction.

"The Renewed Hope Agenda Strategy of once and for all confronting our decades of underinvestment is working, and the positive trajectory is being sustained.

“The reform strategy has enhanced the liquidity of the sub-nationals: States and Local Governments.

"FAAC allocations to all tiers of Government are on the increase. With the elimination of FOREX and fuel subsidies, among other reforms, the increase shall be sustained.”

Bagudu assured the legislators that the Tinubu administration would generate the funds to finance the 2025 financial plans through innovative financing and line budget allocation.