President Bola Tinubu has allayed the concerns of the business community, assuring them that crucial plans are underway to improve foreign exchange liquidity.
In an issued press statement yesterday, signed by the Special Adviser to the President (Media and Publicity) Ajuri Ngelale, the President said his administration will honour every legitimate contract with respect to the nations foreign exchange obligations.
The Naira exchange rate in Abuja and Lagos has scaled the roof and brought immense hardship to Nigerians. According to a parallel market dealer, Today (yesterday)s rate Pounds to Naira is N1,440 /Per 1, and we also buy Naira to Pounds at N1,460 / per 1..
Speaking at the 29th Nigerian Economic Summit (NES) in Abuja, yesterday, President Tinubu said he is confident that by working closely with the private sector, financing the Three Trillion Dollar National Infrastructure Stock can be achieved in 10 years and not in 300 years.
The President said the construction of megacities in every geopolitical zone of the size and scale of Lagos must not take six decades because it can be achieved in one decade, emphasizing that a fully networked and connected Nigeria by rail, gas, fibre-optics and road network can be constructed in less than 20 years with thriving Industrial zones in every geo-political zone of Nigeria before 2030.
Assuring the business community of a fairer and safer playing field for all, the President said his administration is strengthening the machinery and architecture of governance by establishing a public and civil service culture and structure that is performance and result-oriented.
President Tinubu outlined eight priority items of his administration as ending poverty, achieving food security, economic growth and job creation, access to capital across all segments of society and the economy, inclusivity, security, fairness and rule of law, and anti-corruption, stating that he is committed to delivering improved livelihoods and positive economic outcomes which Nigerians can tangibly feel and experience.
The President called on the private sector to support his vision for a greater Nigeria.
The annual Nigerian Economic Summit is organised by the Nigerian Economic Summit Group, in collaboration with the Federal Ministry of Budget and National Planning.
