The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has expressed optimism on the quick recovery of the economy from the effects of recession.
It lamented that the prevailing reception “bites harder and negatively impacts on the socio—economic living conditions of the Nigerian populace.”
A statement from the commission said that the Chairman of RMAFC’s Non-oil Committee, Rev Ajibola Fagboyegun, argued the position on the side line of the just-concluded National Committee on Finance and Economic Development (NACOFED) in Abeokuta, the Ogun State capital.
It said Fagboyegun observed that the current reforms in fiscal and monetary policies would quicken the nation’s economic recovery.
The statement reads: “The resilience of the Nigerian economy in times of adversity has always returned the nation to the path of economic growth and sustainable development.”
He commended Finance Minister Mrs. Kemi Adeosun for instituting a regime of transparency and accountability in the management of the country’s finances in line with the vision of President Muhammadu Buhari’s administration.