We’re targeting $10bn to stabilise Naira -FG

President Bola Tinubu has explained that his government was targeting to raise $10 billion to increase foreign exchange liquidity that would in turn, stabilise the Naira.

He also disclosed of 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.

The President disclosed this on Tuesday in Abuja during the inaugural Public Wealth Management Conference organised by the Ministry of Finance Incorporated, MOFI, with the theme, “Championing Nigeria’s Economic Prosperity.”

The President, who was represented at the event by Vice President Kashim Shettima, highlighted a low-hanging fruit of identifying, consolidating, and maximizing returns on government-owned assets worth trillions of naira.

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.

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