The presidency says President Bola Tinubu’s multi-faceted approach to eliminating foreign exchange racketeering is strengthening the naira against global currencies .
“The President has been very consistent in his view that the labour pains felt by our people and the incredible sacrifices made by our people over the past 10 months would be rewarded across the board,” Ngelale said. He, however, said there is still significant work ahead, stating that consumer-protecting regulatory agencies need to intensify enforcement to ensure the prices of goods and services reflect the prevailing exchange rates.
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