The Federal Government has announced its plans to raise at least $10 billion, in order to increase Foreign Exchange (Forex) liquidity that will stabilise the Naira.
A statement published on the official X handle of Vice President, Kashim Shettima, on Tuesday, said President Bola Tinubu disclosed this while speaking at the inaugural Public Wealth Management Conference, organised by the Ministry of Finance Incorporated (MOFI) with the theme “Championing Nigeria’s Economic Prosperity”, on Tuesday.
The President, who was represented at the event by Vice President, Kashim Shettima, also disclosed plans by his administration to create millions of jobs by unlocking the country’s huge public asset to increase its Gross Domestic Product (GDP).
“President Bola Tinubu has disclosed plans by his administration to create millions of jobs by unlocking the value of Nigeria’s vast public assets with a view to optimising and doubling the country’s Gross Domestic Product (GDP).
“According to him, with economic revitalisation as its top priority, the Federal Government has a target of raising at least $10 billion in order to increase foreign exchange liquidity that will, in turn, stabilise the Naira.
“The President disclosed this on Tuesday in Abuja during the inaugural Public Wealth Management Conference organized by the Ministry of Finance Incorporated (MOFI) with the theme, “Championing Nigeria’s Economic Prosperity.
“President Tinubu, who was represented at the event by the Vice President, highlighted a low-hanging fruit of identifying consolidating, and maximising returns on Government-owned assets worth trillions of naira”, it added.
