President Muhammadu Buhari presenting the 2016 budget
President Muhammadu Buhari has sympathised with Nigerians over the current hardship experienced in accessing foreign currency for their different transactions.
At the presentation of the 2016 budget to the joint session of the National Assembly on Tuesday in Abuja, he said that the Federal Government was aware of the difficulties and was working towards easing off the pressure.
“I am aware of the problems many Nigerians currently have in accessing foreign exchange for their various purposes.
“These are clearly due to the current inadequacies in the supply of foreign exchange to Nigerians who need it.
“I am however assured by the Governor of Central Bank that the Bank is currently fine-tuning its foreign exchange management to introduce some flexibility and encourage additional inflow of foreign currency to help ease the pressure.”
He said that the government was assessing the situation and in spite of that, was looking at ways of attracting foreign investors.
“We are carefully assessing our exchange rate regime keeping in mind our willingness to attract foreign investors.
“But at the same time, managing and controlling inflation to a level that will not harm the average Nigerians.
“Nigeria is open for business, but the interest of all Nigerians must be protected.
“Indeed, tough decisions will have to be made, but this does not necessarily mean increasing the level of pain already being experienced by most Nigerians.
“So to the investors, business owners and industrialists, we are aware of your pains. To the farmers, traders and entrepreneurs, we also hear you.”
He told members of the National Assembly that in spite of the global economic uncertainties; Nigeria must remain steadfast in its commitment to steer the country back to greatness.
“By the grace of Almighty God and the sheer will and determination of the Nigerian people, we will come out stronger and more united than …Read More
Source:: PM Newspaper
