Nigeria Aims to Stabilise Currency, Boost Growth with Reforms – Minister 

Samuel Okocha, Abuja

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Nigeria’s Information and National Orientation Minister Mohammed Idris has said the government of President Bola Ahmed Tinubu is committed to implementing macroeconomic reforms to boost growth, curb inflation and stabilize the currency.

Idris, who spoke at the 2024 Press Week of the Niger State Chapter of the Nigeria Union of Journalists on Saturday, said the year holds a lot of prospects for Nigerians as some of the promising initiatives of the administration begin to bear fruits.

“The policies of President Tinubu under the Renewed Hope Agenda take firmer roots for the growth of our nation’s economic development, our invaluable human assets, and national security,” he said, according to a statement from his office.

Represented by the Director General of the Voice of Nigeria, Mallam Jibrin Baba Ndace, the Minister said the government will continue to pursue broad economic objectives of sustained growth, lower inflation, easing the cost of living, stabilizing foreign exchange and creating jobs.

He also said the government is showing fidelity to the rule of law and the independence of institutions, citing recent court judgments that upheld its decisions.

Idris explained that the relocation of some departments of the Central Bank of Nigeria and the headquarters of the Federal Airports Authority of Nigeria to Lagos is part of a strategy to enhance operational efficiency, streamline processes and ensure a responsive financial system for Nigeria.

He emphasised that the move has no political motivation and aligns with global best practices.

The Minister assured that no policy of the administration will put any part of the country at a disadvantage, adding that Tinubu’s commitment to fairness and equitable development is reflected in his policies.

He also called on the media to support the government in the fight against fake news, which he said is a menace that is deliberately designed to misinform Nigerians.

He announced that the government will soon unveil the details of the National Values Charter, which aims to inculcate values in the citizenry.

 

 

Dominica Nwabufo

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