It was disclosed on Tuesday that President Bola Ahmed Tinubu, ably represented at the inaugural Public Wealth Management Conference in Abuja is looking to raise the sum of 10 million naira. This is to improve the liquidity status of the nation’s currency, the Naira even as it saw its latest decline on Tuesday at the parallel market, recording an all time low of N1850/$.
The Public Wealth Management Conference was organized by the Ministry of Finance, captioning the theme of “Championing Nigeria’s Economic Prosperity.” While at the event, the Senior Special Assistant to the President on Media & Communications, Stanley Nkwocha disclosed that the Federal Government established a target of N10 million to boost foreign exchange liquidity, all in a bid to improve the current standing of the Naira and furthermore the Nigerian economy.
Also, he stated that the plan of the government was to effectively manage assets and resources in their care, while doubling the nation’s GDP growth rate and improving it for the next eight years to come.
Furthermore, he spoke of the need to be transparent and accountable so as to improve corporate governance, form valuable partnerships and attract significant investment returns. These returns will then be reinvested in key areas such as housing, education, healthcare, roads and other public infrastructure.
