The federal government said it has implemented some strategic reforms to restore economic stability in the country.
Abbas Tajudeen, Speaker, House of Representatives, disclosed this on Saturday during the opening ceremony of the 45th Kaduna International Trade Fair in Kaduna.
The fair has the theme “Sustainable Economic Recovery Through the Deepening of Local Content Value Chains.”
The speaker, represented by Rep. James Barka (PDP-Adamawa), said recently that the federal government, major stakeholders and the National Assembly were determined to restore macro- and microeconomic stability in the country.
He said, “This year’s edition of the fair came at the right time, when efforts are being channelled towards achieving sustainable economic recovery in the country.
“There have been creative steps in policy reforms across all the sectors, with an intended focus on repositioning our nation as truly the economic giant of Africa, producing significant achievements in fiscal and monitoring consolidation.
“It is also expected that the resultant effects of these steps will lead to a reduction of the menace of insecurity affecting our economic growth, strengthening of our public service institutions and improvement in the overall business environment for increased productivity.
“We are beginning to see the dividends of the new policies of this administration with a boost in investment growth across major segments of the economy, attracting new foreign investors and returning the country back to a sustainable and inclusive road path.
“The road might appear rough, but I am happy; we are making significant progress.”