Connect with us

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

Victorious

Published

on

Follow
NAIJA NEWS: FX Crisis: Tinubu begs Nigerians to buy local goods, approves N75bn for manufacturers [New Naija News] » Naijacrawl
Photo: Naijacrawl

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.

Click Here To Comment




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

Continue Reading
Click to comment

Be first to comment


Leave a Reply

Your email address will not be published. Required fields are marked *

Naija News

EFCC Foils Massive Food Smuggling Operation: 21 Trucks Loaded with Goods Intercepted

Piroll

Published

on

NAIJA NEWS: EFCC Foils Massive Food Smuggling Operation: 21 Trucks Loaded with Goods Intercepted [New Naija News] » Naijacrawl
Photo: Naijacrawl
The Maiduguri Zonal Command of the Economic and Financial Crimes Commission (EFCC) successfully apprehended 21 trucks laden with both food and non-food items that were en route to neighboring countries of Borno State. The arrest, made possible through a well-executed sting operation, occurred at key exit points along Kalabiri/Gamboru Ngala and Bama roads.Mr. Dele Oyewale, the Head of Media and Publicity for the EFCC, revealed in a statement on Tuesday that the vigil...
Continue Reading

Naija News

Foreign rice, goods worth N1.8bn seized in September — Customs

Victorious

Published

on

NAIJA NEWS: Foreign rice, goods worth N1.8bn seized in September — Customs [New Naija News] » Naijacrawl
Photo: Naijacrawl
The Federal Operations Unit (Zone A, Ikeja) of the Nigeria Customs Service said it intercepted eight trailer loads of imported rice and other contraband worth N1.76 billion in September.This is according to the declaration of the acting Comptroller General of Customs, Adewale Adeniyi, at a news conference on Friday in Lagos.Adeniyi said the seizures took place at various times and locations within the border corridors of the Southwest states.He added that the unit g...
Continue Reading

Naija News

Fire destroys N38.8m goods in Ilorin

Victorious

Published

on

NAIJA NEWS: Fire destroys N38.8m goods in Ilorin [New Naija News] » Naijacrawl
Photo: Naijacrawl
A fire disaster ravaged a paint shop in Ilorin, the Kwara State capital, in the early hours of Saturday, destroying property worth N38.8 million.The incident occurred at about 12:31 a.m. at the paint shop located around Balogun Afin, in the Ita-Kure Area of the Ilorin metropolis.According to the spokesman of the State Fire Service, Hassan Hakeem Adekunle, the shop suddenly caught fire and destroyed two residential buildings built beside it, comprising a two-story bu...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.