FG Vows to Tackle Pressure on Foreign Exchange
The Federal Government of Nigeria has reinstated its commitment to easing the pressure on foreign exchange.
According to the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite the Federal Government under the leadership of President Bola Ahmed Tinubu would continue to encourage industrialization and mobilize resources where necessary to boost economic recovery.
Dr. Uzoka-Anite said this in Ogun state during the commissioning of two new factories and extension of the Tropical General Investment Group (TGI), at the Sagamu Inter-change.
She added that the present administration would also ensure the removal of roadblocks that could hinder businesses to thrive in the country.
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“The challenge of unemployment, pressure on foreign exchange and economic diversification is one that President Bola Ahmed Tinubu is determined to tackle conclusively.
“Manufacturing and value chain addition is necessary for the overall development of our country.
“There is no way around it; the cause of inaction is huge and we cannot afford it,” she said.
In his remarks, Ogun State Governor, Prince Dapo Abiodun noted that the TGI Group is a testament that the state is moving towards the right direction.
Governor Abiodun, who also commended the deep sense of corporate social responsibility of the group, added that when companies engage in corporate social responsibility, the community takes ownership and supports their overall development.
“I want to thank the TGI group because you are a classic example of the success story of Ogun State; you are a reference point industry, a shining example of foreign direct investment in the country.
“If we had not increased the ranking of the state on the ease of doing business index, you wouldn’t be expanding your business, you are a testament to the fact we are truly walking the talk and we are proud to be associated with you,” he said.
By Dayo Badmus
