The Federal Government of Nigeria is taking steps to address the economic challenges facing the country, vowing to “bring down inflation, stabilize the foreign exchange rates and create an enabling environment for business and investment,” according to a statement issued on Sunday.
The Minister of Information and National Orientation, Mohammed Idris, disclosed these in a statement he signed on Sunday, titled ‘Amidst challenges, Nigeria will forge ahead.’
Idris noted, “Regarding the economy, all relevant Ministries and Agencies of the Federal Government are working in a coordinated fashion to bring down inflation, stabilise foreign exchange rates, and create a truly enabling environment for business and investment.
“The Nigeria that President Tinubu seeks to build is one where no one is left behind. Impactful interventions are being rolled out, including a Students’ Loan Scheme, a Presidential Initiative to deploy lower-cost CNG mass transit buses to provide alternatives to petrol and diesel, and various low-interest loan schemes for businesses.”
