In a recent press briefing with State House Correspondents, President Bola Tinubu declared the Federal Government’s commitment to promoting locally made products to boost the Nigerian Naira.
Special Adviser Ajuri Ngelale conveyed the President’s message, emphasizing the crucial need for collective action in patronizing indigenous goods across all sectors. Tinubu’s initiatives aim to sustain the Naira’s value amidst global currencies.
Furthermore, the government unveiled interventions such as the Presidential conditional grant scheme, offering non-repayable grants to micro-enterprises, and substantial funding for large-scale manufacturers. These measures seek to alleviate economic burdens on families and ensure prudent spending within the public sector.
Addressing concerns about the minimum wage, Ngelale affirmed ongoing discussions while stressing the importance of currency stability for sustainable wage policies. Tinubu’s administration prioritizes long-term solutions to uphold the purchasing power of Nigerians and foster economic resilience.
As the nation witnesses positive shifts in the foreign exchange market, Tinubu underscores the necessity for vigilance against illicit practices and calls for collaborative efforts to safeguard the economy. With a multifaceted approach, the President aims to achieve enduring stability in the Nigerian Naira, laying the groundwork for a prosperous future.