President Tinubu Pledges Enhanced Foreign Exchange Liquidity and Contract Commitment
President Bola Tinubu assured the business community of his administration’s commitment to enhance foreign exchange liquidity during the 29th Nigerian Economic Summit (NES) in Abuja. He emphasized that his government would uphold the sanctity of every legitimate contract and honour all foreign exchange obligations.
Addressing the audience at the summit, President Tinubu expressed confidence in working closely with the private sector to achieve the financing of the Three Trillion Dollar National Infrastructure Stock within a decade, not 300 years.
He emphasised the need for quicker development, envisioning megacities in every geopolitical zone and a fully networked and connected Nigeria by rail, gas, fibre optics, and road network in less than 20 years.
The President recognised the challenges faced by the business community and promised to restore market confidence with additional foreign exchange liquidity.
The President underscored his commitment to creating a fairer and safer environment and to strengthening governance machinery and architecture, which are performance- and result-oriented.
President Tinubu outlined his administration’s eight priority items, focusing on ending poverty, achieving food security, economic growth, job creation, and more. He called on the private sector to support his vision for a greater Nigeria and foster a collaborative relationship.
The annual Nigerian Economic Summit is organized by the Nigerian Economic Summit Group in partnership with the Federal Ministry of Budget and National Planning. President Tinubu’s speech aimed to inspire hope and mobilise support from the private sector to realise Nigeria’s economic potential.
Source: Premium Times
