President Bola Tinubu has called on Nigerians to support the sustained appreciation of the Naira against foreign currencies by patronizing made-in-Nigeria products and services.
Speaking on Friday through his Special Adviser on Media and Publicity, Ajuri Ngelale, Tinubu emphasized the importance of continued collaboration from citizens to safeguard the gains made in the foreign exchange market.
Acknowledging that the recent strengthening of the Naira is a step in the right direction, Ngelale stressed that more efforts are needed to ensure its stability.
Tinubu’s administration has implemented various measures to address currency instability, including discontinuing subsidies on petrol and unifying foreign exchange rates.
Despite initial challenges, these moves have contributed to recent improvements in the Naira’s value.
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Ngelale highlighted the significance of a stronger Naira for working citizens, especially with the impending implementation of a new minimum wage.
He urged Nigerians to actively support the government’s efforts by reporting any practices that undermine the local currency, emphasizing the collective responsibility in combating such activities.
Tinubu’s administration is also taking steps to reduce government expenditure and promote fiscal discipline.
A three-month ban on publicly-funded foreign trips for officials is expected to save significant funds quarterly, redirecting resources towards essential services.
Additionally, measures like judicial pay structure reviews aim to enhance transparency and efficiency within the judiciary.
To further support economic recovery, Tinubu approved initiatives such as the Presidential conditional grant scheme, which will empower over a million Nigerian businesses with conditional grants.
These efforts underscore the administration’s commitment to easing the impact of economic challenges and promoting sustainable growth.
In conclusion, Tinubu’s call for Nigerians to patronize locally-made products and report activities that undermine the Naira reflects a holistic approach to economic stability and growth.
Through collective action and responsible governance, the administration aims to build a resilient economy that benefits all citizens.
