Close Menu
The Prime Times
  • Home
  • NEWS
  • POLITICS
  • BUSINESS
  • EDUCATION
  • OPINION
  • TRAVELS
  • INTERVIEW
  • ENTERTAINMENT

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Ẹkan Ward Endorses Hon. Afọlabi Abdulateef Momoh Mogaji for Senate

October 14, 2025

Mogaji Launches Senatorial Bid from His Ancestral Base

October 14, 2025

Service Beyond Politics: Edward Onoja Reflects on Nigeria’s Journey and Kogi’s Path to Greatness

October 11, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Prime Times
Subscribe
  • Home
  • NEWS
  • POLITICS
  • BUSINESS
  • EDUCATION
  • OPINION
  • TRAVELS
  • INTERVIEW
  • ENTERTAINMENT
The Prime Times
Home»News»Finance minister receives report on national savings scheme
News

Finance minister receives report on national savings scheme

admin@theprimetimesBy admin@theprimetimesFebruary 23, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Share
Facebook Twitter LinkedIn Pinterest Email

Adequate mobilisation of domestic savings for capital formation and investment has been identified as a veritable option for growing the economy.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, stated this while receiving the Working Group Report on the National Savings Scheme in Abuja yesterday.

Ahmed stated that the just launched Medium-Term National Development Plan 2021-2025 recognises the role of a deep financial market in supporting sustainable growth.

“I hope the proposals made in this report will guide the government in taking actionable steps to actualise the objectives outlined,” she said.

She assured that she would work with the Securities and Exchange Commission (SEC) and other stakeholders to ensure that the country fully realises the potential benefits of the scheme.

Ahmed said: “We understand that this initiative will involve several other agencies such as the CBN, FIRS, NAICOM and other important stakeholders. We will leverage our collaborative working environment within the government to ensure we get the necessary buy-in and commitment from relevant stakeholders.

“On behalf of the Federal Government and the Ministry of Finance, Budget and National Planning, I appreciate your selflessness in giving your time and skill in this painstaking work in support of the government. I trust that we will count on your patriotic spirit when we call on you for further support in this or other laudable endeavours for our dear country.”

The SEC Director-General, Lamido Yuguda, explained the need to establish a National Savings Strategy as outlined in the 10-Years Capital Market Master Plan “as one of the key strategies to enhance capital formation by mobilising domestic funds for investment to drive rapid economic growth.

“It envisaged the deliberate provision of risk capital as venture capital and private equity that are naira based and more committed to the long-term prosperity of Nigeria as well as create a buffer to the instability created by foreign investors. The CAMMIC commissioned a white paper on a National Savings Strategy and recommended to the Minister of Finance, Budget and National Planning the formation of a working group to explore the feasibility of the report findings.”

Dr. Ore Sofekun, a member of the committee and CEO of Foothold Advisors Limited, on behalf of the Chairman, Fola Adeola, presented the report.

Source: Guardian.ng

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleOkorocha shuns arraignment on alleged N2.9b corruption charges
Next Article Court grants NDLEA’s request to detain Kyari, others for 14 days
admin@theprimetimes
  • Website

Related Posts

Ẹkan Ward Endorses Hon. Afọlabi Abdulateef Momoh Mogaji for Senate

October 14, 2025

Mogaji Launches Senatorial Bid from His Ancestral Base

October 14, 2025

Rights Group Slams Sowore Over Workers’ Welfare

September 29, 2025

Beyond Celebration: How Nigeria @ 65 Must Tackle the Drug Abuse Crisis

September 29, 2025
Leave A Reply Cancel Reply

Recent Posts
  • Ẹkan Ward Endorses Hon. Afọlabi Abdulateef Momoh Mogaji for Senate October 14, 2025
  • Mogaji Launches Senatorial Bid from His Ancestral Base October 14, 2025
  • Service Beyond Politics: Edward Onoja Reflects on Nigeria’s Journey and Kogi’s Path to Greatness October 11, 2025
  • Rights Group Slams Sowore Over Workers’ Welfare September 29, 2025
  • Beyond Celebration: How Nigeria @ 65 Must Tackle the Drug Abuse Crisis September 29, 2025
Our Picks

October 18th: World Inherited Blood Disorders Day – GANSID

October 17, 2024

Ajia Congratulates Newly Appointed Ilorin Emirate Traditional Leaders

August 25, 2024

May Day: Tinubu Pledges Better Living Conditions, Salutes Nigerian Workers

May 1, 2024

Hajia Fatimata Aliagan: Celebrating An Iconic Woman of Virtues @ 50th

February 18, 2024
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Politics

Anambra tribunal grants Soludo, Uba consent to inspect election materials

By admin@theprimetimesDecember 10, 20210

The Anambra Governorship Election Petition Tribunal, which commenced sitting in Awka, yesterday, granted candidates of…

New naira notes fortified, difficult to counterfeit, says Buhari

November 23, 2022

Coronavirus: Health Staff Braced for Expected Covid-19 Surge

January 14, 2021

Catholics knock Lalong over Pope comment, want him suspended

August 12, 2022

Subscribe to Updates

Get the latest creative news from The Prime Times.

About Us
About Us

The Prime Times, to be known and called The Prime is founded in the year 2020 and it is being published by Nigeria ArtsDaily Media and Publishing Company Limited

Continue>>>

Editor's Picks

October 18th: World Inherited Blood Disorders Day – GANSID

October 17, 2024

Ajia Congratulates Newly Appointed Ilorin Emirate Traditional Leaders

August 25, 2024

May Day: Tinubu Pledges Better Living Conditions, Salutes Nigerian Workers

May 1, 2024
New Comments
  • https://ukrain-Forum.biz.ua on FG Organises Special Lecture, Juma’at Prayer In Commemoration of June 12, Democracy Day
  • James Luka on Where Is Nigeria’s Tourist Industry – Especially Targeting Diaspora?
  • Prime Times on Saraki Made Everyone Who Worked with Him Better than He Met Them – Hon. Moshood Bakare
  • Ayo Abdul oganija on Saraki Made Everyone Who Worked with Him Better than He Met Them – Hon. Moshood Bakare
Facebook X (Twitter) Instagram Pinterest
  • About
  • Contact
  • Advertise
© 2025 The Prime Times. Designed by Chancerbyte.

Type above and press Enter to search. Press Esc to cancel.