FG implementing policies to stabilise forex, boost economic – Minister

Mohammed Idris Malagi

The Minister of Information and National Orientation, Mohammed Idris, has said the Bola Tinubu administration is implementing macroeconomic reforms that would curb inflation, stabilise the foreign exchange, ease the cost of living and boost economic growth.

Speaking, yesterday, in Minna, Niger State, at the 2024 Press Week of the Niger State Chapter of the Nigeria Union of Journalists (NUJ), the
minister noted that the government is committed to fairness and equitable development, as outlined in his oath of office, as well as ensures that no policy under the administration will put any region at disadvantage. Idris observed that government’s dedication to fostering national unity and inclusivity is reflected in policies guided by principles of fairness and equality.

Represented by the Director General of the Voice of Nigeria, Mallam Jibrin Baba Ndace, the minister said 2024 holds a lot of prospects for Nigerians as some of the promising initiatives of the administration will begin to bear fruits.

He said: ” 2024 would be a great year for Nigeria as the policies of President Bola Ahmed 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.”

The Tinubu administration will continue to implement macroeconomic reforms to achieve broad economic objectives of sustained economic growth aimed at bringing down inflation, easing the cost of living, stabilising foreign exchange and job creation among others.”

The minister stated that against the backdrop of the withdrawal of fuel subsidy, liberalising the foreign exchange regime, and the fight against corruption, the Tinubu governmentis showing fidelity to the rule of law and the independence of institutions as demonstrated in the recent judgments of the courts.


He explained that the recent Federal Government decision to relocate certain departments of the Central Bank of Nigeria(CBN) and the headquarters of Federal Airports Authority of Nigeria (FAAN) to Lagos is part of a broader strategy to enhance operational efficiency, streamline processes and ensure a responsive financial system for Nigeria, as well as cut operations cost.

He emphasised that the government’s directive aligns with global best practices with no political motivation as wrongly propagated.

The minister, who also used the occasion to enlist the support of the media in the fight against fake news, said the hydra-headed menace of fake news is ravaging the media space.

Idris announced to the gathering that the Federal Government would soon unveil comprehensive details of the National Values Charter, which are aimed at inculcating values in the citizenry.

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