FG mobilising MDAs to stabilise naira, says minister

The Federal Government says the President Bola Tinubu administration is mobilising its Ministries, Departments and Agencies to “bring down inflation, stabilise the foreign exchange rates and create an enabling environment for business and investment.”

The government also said Nigeria’s economy would receive investment inflows worth $14bn from Indian businesses that pledged to invest in the country at the G20 Summit held last September.

While describing the recent killings in the Plateau State as “regrettable,” it vowed that its perpetrators must face justice.

The Minister of Information and National Orientation, Mohammed Idris, revealed these in a statement he signed on Sunday titled ‘Amidst challenges, Nigeria will forge ahead.’

Idris noted, “Regarding the economy, all relevant Ministries and Agencies of the Federal Government are working in a coordinated fashion to bring down inflation, stabilise foreign exchange rates, and create a truly enabling environment for business and investment.

“The Nigeria that President Tinubu seeks to build is one where no one is left behind. Impactful interventions are being rolled out, including a Students’ Loan Scheme, a Presidential Initiative to deploy lower-cost CNG mass transit buses to provide alternatives to petrol and diesel, and various low-interest loan schemes for businesses.”

It said the CNG interventions will reduce the cost of transportation by more than 50 percent, urging Nigerians to take advantage of these opportunities as they emerge, as they have been designed for the benefit of all.

“For example, it is not true that the relocation to Lagos of the Headquarters of the Federal Airports Authority of Nigeria, and of certain departments of the Central Bank of Nigeria, are political moves aimed at marginalising a section of the country.

“These allegations are unfounded. Instead, these are pragmatic administrative steps to improve operational efficiency and reduce operating costs.”

Idris urged “all Nigerians to be especially mindful of all persons and groups at home and abroad, who specialise in making false and inciting claims on radio, TV and social media, as well as in peddling altered videos and images for viral dissemination.”

The Minister called on citizens to “stand together as one, against these forces that constantly seek to test and break the bonds that hold us.”

FG mobilising MDAs to stabilise naira, says minister (punchng.com)