Tinubu tasks Nigerians to buy made-in-Nigeria goods to sustain naira gains

• FG To Save N5bn With Ban On Foreign Trips

Recall that the exchange rate of the naira to other international currencies had steadily slid into a weak position since the government introduced a policy to float the currency last year in an attempt to curb currency arbitrage. “One, President Bola Tinubu, wants to communicate very clearly to our people that there has never been a more important time in our history to actively agree together that we will patronise and purchase made in Nigeria products across all value chains, across all sectors.

“What we now need to see is an active effort on the part of our people to blow the whistle wherever they see any of these sharp practices taking place; to communicate with the agencies that deal with these issues directly and understanding that this is not a government versus malign actors issue.” “But we also want to ensure that we peg it at something that is sustainable over a number of years based on the long term,” Ngelale added.

“So, the President is doing everything he can to ensure that he steps in to ease the burden on families while also ensuring that he holds the public sector and the Federal Government of Nigeria accountable to prudent spending, ensuring that we cut down drastically on travel expenditures, ensuring that with the temporary ban that is being put in place from April 1 on all unnecessary foreign travel, we are expecting to save over N5 billion per quarter.

The Federal Government has signed a Memorandum of Understanding with the Nigeria Sovereign Investment Authority for the procurement and maintenance of state-of-the-art radiotherapy equipment worth N38 billion in six cancer centres across the country under the government’s Oncology Initiative.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

President Tinubu advises Nigerians to patronise made-in-Nigeria goods to strengthen nairaA Trusted Nigerian Newspaper
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Stronger Naira: Tinubu tasks Nigerians to buy made-in-Nigeria goods, services to sustain gainsThe Nation Newspaper Stronger Naira: Tinubu tasks Nigerians to buy made-in-Nigeria goods, services to sustain gains
Source: TheNationNews - 🏆 6. / 69 Read more »

President Tinubu Urges Nigerians to Buy Nigerian Products to Strengthen NairaPresident Bola Tinubu has called on Nigerians to support the economy by buying Nigerian products, which will help strengthen the naira. This comes after the recent increase in the value of the naira due to measures taken against illegal money speculators.
Source: thecableng - 🏆 2. / 80 Read more »

Vice President Shettima: Tinubu's administration facing challenging task of fixing NigeriaVice President Kashim Shettima has disclosed that President Bola Tinubu's administration is facing the difficult and challenging task of fixing the problems confronting Nigeria. Shettima said the current administration has no plans of deceiving Nigerians or making life more difficult for citizens. This was as he assured that the current economic challenges confronting the country would soon be over.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Tinubu reaffirms commitment to enhancing maritime security in Gulf of GuineaPresident Tinubu also emphasised the need to revitalise the Nigeria-Equatorial Guinea Joint Commission.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Tinubu to Nigerians: Buy home-made goods to sustain stronger nairaThe Nation Newspaper Tinubu to Nigerians: Buy home-made goods to sustain stronger naira
Source: TheNationNews - 🏆 6. / 69 Read more »