Tinubu’s policies will stabilise forex, ease living cost for Nigerians – Information Minister

Mohammed Idris, Information Minister
Mohammed Idris, Information Minister


President Bola Tinubu-led administration is committed to implement reforms to curb inflation, ease cost of living and stabilise foreign exchange.

The Minister of Information and National Orientation, Alhaji Mohammed Idris, stated this on Saturday in Minna  during the 2024 Press Week of Niger State Council of the Nigeria Union of Journalists (NUJ).

The minister, who was represented by the Director-General of the Voice of Nigeria, Malam Jibrin Baba Ndace, said the year had a lot of prospects for Nigerians as some of the promising initiatives of the administration began to bear fruits.

“2024 would be a great year for Nigeria as the Renewed Hope Agenda takes firmer roots for the growth of our nation’s economic development, 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.

“Against the backdrop of the withdrawal of fuel subsidy, liberalising the foreign exchange regime, and the fight against corruption.

“The Tinubu-led government is showing fidelity to the rule of law and the independence of institutions as demonstrated in the recent judgements of the courts.

“The recent decision to relocate certain departments of the Central Bank of Nigeria and the headquarters of Federal Airports Authority of Nigeria to Lagos is part of a broader strategy to enhance operational efficiency.

“And also, streamline processes, ensure a responsive financial system for Nigeria, and cut operational cost. The directive aligns with global best practices and has no political motivation what so ever as wrongly propagated.

“I assured that no policy of the present administration would put any part of the country in a disadvantage position,” the minister was quoted as saying in a statement by his media aide, Mr Rabiu Ibrahim.

He said that Tinubu’s commitment to fairness and equitable development, as outlined in his oath of office, ensured that no policy under his administration would be of disadvantage to any region.

According to Idris, Tinubu’s dedication to fostering national unity and inclusivity is reflected in policies guided by principles of fairness and equality.

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 was ravaging the media space.

“My dear colleagues, we need to rise against the elements of fake news that are deliberately designed to misinform Nigerians”.

Idris also stated that the Federal Government would soon unveil comprehensive details of the National Values Charter, aimed at inculcating values in the citizenry.

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