President Bola Tinubu has called upon citizens to prioritize purchasing goods made in Nigeria, emphasizing that this move will contribute to the ongoing recovery of the naira against other currencies.
It could be recalled that Reps and Senate faced criticism for insisting on purchasing luxury cars despite economic challenges and public outcry.
However, the naira witnessed a significant resurgence recently, gaining over ₦500 against the United States dollar.
This resurgence marks a turnaround after a prolonged period of consistent depreciation, largely attributed to governmental monetary reforms.
During a press briefing with State House correspondents in Abuja on Friday, March 22, 2024, Ajuri Ngelale, the Special Adviser on Media and Publicity to the President, conveyed Tinubu’s message, stressing the importance of supporting locally made products across all sectors.
Ngelale underscored this directive as part of Tinubu’s strategy to bolster the naira’s value against global currencies. He also outlined various government interventions aimed at improving the lives of Nigerians, including the presidential conditional grant scheme for nano enterprises and substantial funding for large manufacturers employing significant numbers of Nigerians.
Furthermore, Tinubu’s decision to curtail travel expenditure reflects his commitment to ensuring accountability and prudent spending within the public sector and Nigerian government.
