In a bid to bolster foreign exchange liquidity and propel economic growth, the federal government has unveiled plans to raise $10 billion.

President Bola Tinubu, speaking at the Public Wealth Management Conference in Abuja, highlighted the initiative’s goal to create millions of jobs and double Nigeria’s GDP. With a focus on optimizing and leveraging the country’s vast public assets, the government aims to address decades of mismanagement and underutilization.

“These improved returns will then be directed towards crucial funding for education, healthcare, housing, power, roads and other areas vital to lifting millions out of poverty.

“And stimulating sustainable economic development and job creation for the youth,” he said.

The newly restructured Ministry of Finance Incorporated will play a central role in this endeavor, emphasizing transparency and accountability to attract alternative investment capital.

Through improved returns, vital sectors such as education, healthcare, and infrastructure will receive crucial funding, lifting millions out of poverty and stimulating sustainable economic development.

Minister of Finance, Wale Edun, underscored the administration’s commitment to easing the burden of reform programs, including measures to curb inflation and reduce food prices nationwide. He said, Mr Tinubu was mindful of the pains of his administration’s reform programmes and was deploying appropriate mechanisms to address the challenges.

He said that 42,000 metric tonnes of assorted grains were being released, with 60,000 metric tonnes to follow shortly, adding that these are part of measures to arrest inflation and reduce food prices in the coming months across the country.

Credit: NAN