FG SETS UP NATIONAL SAVINGS COMMITTEE TO BOOST INVESTMENTS.
Written by thereachfm on March 6, 2019
The Minister of Finance, Zainab Ahmed, today said plans to boost fiscal buffers are ready as the Federal Government was willing to set up a National Savings Committee that will make recommendations to government on best ways to mobilise savings for economic growth.
Ahmed stated this when she held a meeting with members of the Capital Market Master Plan Implementation Council, (CAMMIC) in Abuja where she said there is need for Nigerians to imbibe the culture of savings to be able to participate actively in the capital market as a means of growing the economy.
She further added that the government is concerned about the volatility of the capital market and is ready to work with CAMMIC to ensure that the market is stable.
The minister disclosed that they are open to setting up the working group in order to have a review, extract recommendations and get to work.