Minister of Finance Address

Pic.19. From left: Director of Technical Services, Federal Ministry of Finance/Committee’s member, Mr Tor Tsavsar; Minister of Finance, Mrs Kemi Adeosun; and Vice-Chairman, National Tax Policy Implementation Committee (NTPIC), Mr Taiwo Oyedele, during submission of the committee’s report to Minister of Finance, in Abuja on Friday (2/2/18). The National Executive Council approved the revised National Tax Policy on Feb. 1, 2017; and as a follow-up action to the approval, Minister of Finance on April 2, 2017, constituted the NTPIC. 00649/2/2/2018/Jones Bamidele/NAN

KEYNOTE ADDRESS BY THE HON. MINISTER OF FINANCE MRS. KEMI ADEOSUN AT THE INAUGURATION OF THE NIGERIAN SUSTAINABLE FINANCE PRINCIPLES COMMITTEE ON TUESDAY, 13TH MARCH, 2018 AT THE HONOURABLE MINISTER’S CONFERENCE ROOM FEDERAL MINISTRY OF FINANCE, ABUJA

 

PROTOCOL

It is my great pleasure to welcome you all to this auspicious occasion of the inauguration of the Nigerian Sustainable Finance Principle Committee (NSFPC).

  1. The Nigerian Sustainable Finance Committee Principle (NSFPC) is a creation of the Financial Services Regulation Coordinating Committee (FSRCC) which focuses on the role of the financial services industry in facilitating economic prosperity, while ensuring environmental sustainability and social development.  It seeks to ensure that financial services are rendered in such ways and manners that protect the environment from externalities that may eventually undermine social comfort and convenience.

 

  1. Pursuant to the efforts of the present government of diversifying the economy with the aim of enhancing growth and global competitiveness it has become imperative to saddle this committee with the following mandates:
  1. Stimulating a resilient, competitive and sustainable financial services;
  2. Improving corporate governance practices;
  3. Nurturing people-friendly environments in the drive towards job creation, empowerment and poverty reduction; and
  4. Ensuring that all financial services contribute to efforts aimed at reducing global warming and other forms of environmental degradation.

 

  1. May I use this opportunity to inform you that the NSFP initiative, is predicated on the need to vigorously pursue economic prosperity and social development without compromising environmental protection, and it is built on the following five principles:
  1. Environmental, Social and Governance Principle
  2. Collaborative Partnership and Capacity Building
  3. Financing of Priority Sectors of the Economy
  4. Human Rights, Women Economic Development, Job Creation and Financial Inclusion and
  5. Reporting and Disclosure.

 

  1. We must not fail to acknowledge the fact that Nigeria is endowed with abundant natural and human resources, which we can adequately and efficiently harnessed to strengthen our public finance.  Consequently, I implore you to take innovative and pragmatic steps to facilitate, encourage and support activities which would impact the nation economically, environmentally and socially.
  2. Let me assure you that there is a strong political will and commitment at the highest level of Government to reposition the Nigeria’s financial sector.  I enjoin all Agencies operating within the financial sector to ensure that their services have the capacity to improve the integrity of the natural environment.  We must all join hands with the government to build a resilient economy.
  3. At this junction, I wish to reiterate my support and that of the Ministry to enable you deliver on your mandate. I hereby inaugurate the Committee.

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