President Bola Tinubu, represented by Vice President Kashim Shettima, unveiled plans at the Public Wealth Management Conference in Abuja to generate $10 billion in revenue for enhancing foreign exchange liquidity.
The focus is on leveraging Nigeria’s public assets to double GDP and create millions of jobs.
The reformed Ministry of Finance Incorporated is positioned to manage these assets, prioritizing transparency and accountability.
The President addresses past mismanagement, emphasizing the need for optimal utilization to spur economic growth.
Notably, recent forex reforms in mid-2023 impacted the Naira negatively, prompting efforts by the Central Bank to address foreign exchange challenges, including altering the activities of International Money Transfer Operators.
Governor Yemi Cardoso highlighted positive trends in the FX market following these measures.
