The Federal Government is committed to taking all necessary measures to curb inflation and enhance the value of the naira.


The federal government has disclosed its ongoing efforts to combat surging inflation and stabilize foreign exchange rates. Minister of Information and National Orientation, Mohammed Idris, made this assurance in a statement issued on Sunday, January 28, in Abuja. He highlighted President Bola Tinubu’s administration’s initiatives, emphasizing their commitment to enhancing the quality of life for all Nigerians.

In the realm of security, Idris emphasized the government’s proactive measures in addressing threats, noting successful operations against bandits, kidnappers, and militants in the past week. He expressed regret over the resurgence of violence in Plateau State and assured that those responsible for such acts would face justice, with efforts to restore peace in affected communities.

Addressing economic concerns, Idris mentioned that relevant ministries and federal agencies are collaboratively working to reduce inflation, stabilize foreign exchange rates, and foster a conducive business and investment environment. He highlighted impactful interventions, such as a Students’ Loan Scheme, a Presidential Initiative for lower-cost CNG mass transit buses, and various low-interest loan schemes for businesses. Idris urged Nigerians to seize these opportunities, emphasizing their design for the collective benefit of all.

However, at the same event, the President of the Nigerian Labour Congress, Comrade Joe Ajaero, expressed concerns, stating that the administration’s policies and reforms are detrimental to the general populace.

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