Tinubu said that this was in line with the current appreciation in the value of the Naira, due to various steps taken to curb activities of illegal money speculators.
Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, made this known to statehouse Correspondents on Friday in Abuja.
“This is a time to deepen our efforts to dig in and to work harder, which is why President Tinubu has approved a series of interventions to ensure that we see a mass strengthening of the Nigerian Naira against all other global currencies.”
Ngelale said the President appealed to Nigerians to use this period to imbibe the culture of patronising and purchasing Nigeria products across all value chains.
“There is an intention that we must have on this issue that we want a strong currency, we want the spending power of our people to go up.
“We want every Naira and Kobo we earn to be more valuable not just here but when we travel abroad, the way to achieve that is by doing just this.”
Ngelale said the President demanded every Nigerian to join in this effort of turning the tide against unscrupulous citizens working to undermine the economy.
He further said the President would ensure that micro small and medium scale enterprises in the country have what they needed to get through this difficult period.
He also disclosed that the President has approved the Presidential Conditional Grant Scheme, in which over one million Nigerian businesses would be empowered.
”This is money they will not have to pay back of up to 50,000 Naira per Nano enterprise, with over one million Nano enterprises being selected and granted these funds within each and every local government area of the federation.
”In addition to that, over 150 billion naira has been dispersed from the Bank of Industry and made up on single digit interest rate loans of up to N2 million to small and medium scale enterprises across all local government areas of the federation.”
He said the construction and manufacturing sectors of the economy that employed more than 1,000 Nigerians would also be given a facility to encourage them and boost employment.
”The President has approved over N75 billion to be dispersed to 75 large scale manufacturers across all states of the federation. These are going to be manufacturers who employ over 1,000 Nigerians in each of their facilities and industries.
