Naira is stabilizing, FG’s reforms yielding positive results – Information Minister
According to the report from the Vanguard, President Bola Ahmed Tinubu’s economic reforms and policies are beginning to yield positive results, according to the Minister of Information and National Orientation, Mohammed Idris. The removal of the petrol subsidy and the push towards a unified exchange rate by the Central Bank of Nigeria have resulted in tangible outcomes such as a decrease in petrol importation, an increase in crude oil production, and a surge in monthly receipts by states from the Federal Accounts Allocation Committee…………………CONTINUE READING
Despite the short-term challenges and resistance faced, the government remains committed to its vision for economic growth and prosperity. Efforts to stabilize the naira and safeguard the economy are ongoing, with regulatory and enforcement agencies working to address illegal activities and sabotage within the forex market.
Nigerians are urged to exercise patience and trust in the government’s initiatives, as they work towards building a more transparent and equitable monetary policy for the benefit of all citizens. The recent progress made is a testament to the government’s determination to deliver on its promises and drive sustainable economic development in Nigeria.
