Federal Government has expressed determination to raise at least 10 billion dollars to increase foreign exchange liquidity to stabilise the Naira and grow the economy.
President Bola Tinubu made this known at the inauguration of the Public Wealth Management Conference organised by the Ministry of Finance Incorporated in Abuja.
The theme of the conference was, “Championing Nigeria’s Economic Prosperity.”
Represented by Vice President Kashim Shettima, Tinubu revealed plans by his administration to create millions of jobs by unlocking the value of Nigeria’s vast public assets.
This, according to him, is to optimise and double the country’s Gross Domestic Product GDP.
He stressed the need to identify, consolidate and maximise returns on government-owned assets worth trillions of Naira.
Tinubu, however, noted that decades of mismanagement and underutilisation have plagued the country’s assets, spread across Nigeria and outside its borders, leading to revenue losses that have hindered economic growth.
