The federal government has expressed its commitment to raise at least $10 billion to increase foreign exchange liquidity to stabilise the naira and grow the economy.
This was stated by President Bola Tinubu on Tuesday in Abuja during the opening of the Public Wealth Management Conference, which was hosted by the Ministry of Finance Incorporated (MOFI).
“Championing Nigeria’s Economic Prosperity” was the conference subject.
Vice President Kashim Shettima represented Mr Tinubu as he disclosed plans for his administration to generate millions of employment by maximizing the value of Nigeria’s vast public assets.
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He claims that doing this will maximize and double the nation’s GDP (gross domestic product).
The VP emphasized the importance of locating, combining, and optimizing returns on trillion-naira government-owned assets.
“The federal government set a goal to raise at least $10 billion in order to increase foreign exchange liquidity, a key ingredient to stabilise the naira and grow the economy.
“At the core of this is ensuring optimal management of the assets and investments of the federal government towards unlocking their revenue potential.
“This includes our bold and achievable plan to double the GDP growth rate and significantly increase the GDP base over the next eight years,” he said.
