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FX Crisis: Tinubu begs Nigerians to buy local goods, approves N75bn for manufacturers

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NAIJA NEWS: FX Crisis: Tinubu begs Nigerians to buy local goods, approves N75bn for manufacturers [New Naija News] » Naijacrawl
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President Bola Tinubu recently highlighted the steady improvement of the Naira against the Dollar, attributing it to ongoing efforts to stabilize the forex market.



He urged Nigerians to support this initiative by buying locally made products, which would boost the Naira's value and alleviate economic challenges.

Tinubu's message, conveyed by his spokesperson Ajuri Ngelale, emphasized the government's commitment to ending the hardships faced by the populace. Part of this plan involves prioritizing support for industries that employ a significant number of Nigerians.

Over N75 billion has been earmarked to assist 75 large-scale manufacturers across the country, especially those employing over 1,000 workers each.

Ngelale stressed that this support aims not only to prevent job losses but also to encourage employment growth.

Additionally, Tinubu's administration seeks to enhance the purchasing power of citizens and address issues like the minimum wage. Efforts are underway to stabilize the Naira, ensuring that any increase in the minimum wage remains sustainable over the long term.

The focus is on prudent spending in the public sector, with measures such as reducing unnecessary foreign travel expenses expected to save significant funds.

By channeling resources efficiently, the government aims to support those working diligently for the betterment of Nigeria.

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Ojo Sunday Victor, A Professional Graphics Designer, and a skilled Content Writer in Entertainment, News and Sport Update.!An Undergraduate in Ladoke Akintola University of Technology (LAUTECH, Ogbomoso). Read More

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