You are currently viewing ‘NBS said for first time, Nigeria was witnessing capital import, improving by 66%’ – Mohammed Idris
39569618 - merchant container ship

‘NBS said for first time, Nigeria was witnessing capital import, improving by 66%’ – Mohammed Idris

  • Post author:
  • Post category:Business

The Minister of Information and National Orientation, Mohammed Idris, who was in attendence of the 50th anniversary lecture of the PUNCH, said The Federal Government under President Tinubu is implementing reforms that are well-intentioned and beneficial to the nation.

He claimed that Tinubu’s dedication to the Nigerian project was characterised by tenacity and diligence in getting the country back on track.

In the best interests of the country, he claimed, the president eliminated the subsidy and carried out additional changes.

As you are aware, President Bola Tinubu’s administration has made several extremely daring decisions since its founding. From the beginning, Tinubu did not act as though it would be simple. Of course, some of these difficult choices are having an impact on us.

The bright side is that the administration is acting decisively to guarantee that the Nigerian economy turns around and recovers. The administration thinks that everything that is taking place is beneficial for the nation.

The minister went on to say that the president had met with important figures in the country’s economy to discuss how Nigeria would improve and was trying to unify the foreign exchange regime.

“The challenges will undoubtedly exist.” While nobody is acting as though they don’t exist, we do witness a scenario in which things will be very different a year from now.

He maintained that the country must continue even though the government required more time, and that citizens may critique it and make recommendations.

He added, “the National Bureau of Statistics (NBS) only recently said that for the first time in a very long time, Nigeria was witnessing capital import, improving by about 66 percent.”

Speaking further, Idris, the country’s internal refining capacity has increased by almost 8% as well.