Government Takes Action to Ease Foreign Exchange Pressure in Nigeria

Well tackle pressure on foreign exchange FG
Well tackle pressure on foreign exchange FG

The Nigerian government has unveiled plans to address the challenges stemming from foreign exchange pressure in the country. Dr. Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, conveyed this commitment during a speech in Ogun State.

Emphasizing the government’s dedication under President Bola Tinubu’s leadership, Uzoka-Anite underscored the resolve to promote industrialization and allocate essential resources to propel economic recovery. She also highlighted the administration’s objective to remove barriers hindering business growth.

“President Bola Tinubu is resolute in addressing the hurdles of unemployment, foreign exchange pressure, and economic diversification conclusively. Manufacturing and value chain addition are vital for our country’s holistic development. The stakes for inaction are substantial, and we cannot afford to overlook them,” she emphasized.

Governor Dapo Abiodun, in his remarks, stressed the significance of corporate social responsibility by companies toward their host communities. He emphasized that when companies participate in corporate social responsibility, the community takes ownership and contributes to their comprehensive development.

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