According to the federal government, the first phase of the project has been completed with the production of a draft policy template awaiting stakeholders’ input.
Arodudu said the project is an industry, trade and investment sector project where every ministry, department and agency of government is considered first line stakeholders. She said that the Nigeria investment policy project was designed to provide a framework for appropriate synergies among all sectors of the economy and foster responsible investor behaviour.
Meanwhile, the federal government has said implementation of Treasury Single Account has been immensely beneficial, disclosing that the country now saves average of N45 billion monthly in interest payments. The co-operation seeks to avail the ministry of finance and economic affairs of The Gambia of the vast knowledge, experience and technical expertise that Nigeria has gained in the past 15 years of implementing TSA in particular and other public financial management reforms, in general. “By so doing, The Gambia is properly guided as it implements its own TSA.