The Federal Government of Nigeria has announced a series of measures to address the economic and security challenges facing the country.

In a statement issued on Sunday, the Minister of Information and National Orientation, Mohamed Idris, said the government was committed to bringing down inflation, stabilizing foreign exchange rates, tackling insecurity, and creating a conducive environment for business and investment.

The statement came amid rising public discontent over the high cost of living, the depreciation of the naira, and the resurgence of violence in some parts of the country.

Economic Interventions

According to the minister, the government was working in a coordinated manner to implement impactful interventions in various sectors of the economy, such as oil and gas, agriculture, consumer goods, renewable energy, healthcare, and ICT.

He said the government was also rolling out a Students’ Loan Scheme, a Presidential Initiative to deploy lower-cost CNG mass transit buses, and various low-interest loan schemes for businesses.

Mohamed Idris added that the government was supporting the Central Bank of Nigeria (CBN) to bring down inflation and stabilize the foreign exchange market.

He assured Nigerians that the relocation of the headquarters of the Federal Airports Authority of Nigeria (FAAN) and some departments of the CBN to Lagos was not a political move, but a pragmatic administrative step to improve operational efficiency and reduce operating costs.

Security Operations

On the security front, the minister said the government was taking the fight to the criminals’ dens, with promising results.

He reported that the security forces had neutralized or arrested several bandits, kidnappers, and militants in the last week, and that they would bring the perpetrators of violence in Plateau State and elsewhere to justice.

The minister commended the security and intelligence agencies for their gallantry and dedication to ensuring the safety of Nigerians.

He also urged Nigerians to resist the forces and narratives of misinformation and division that seek to undermine the unity and stability of the country.

He cited the impressive performance of the Nigerian Stock Market, the enthusiasm of local and foreign investors, and the exploits of the Super Eagles at the ongoing African Cup of Nations as examples of the positive and hopeful stories that abound in the country.

Mohamed Idris stated that President Bola Ahmed Tinubu’s vision to create a glorious dawn for Nigeria inspired the government.

He called on all Nigerians to join hands with the government and support its efforts to overcome the temporary challenges and setbacks that the country faces from time to time.

Source: Vanguard