Ministries, agencies are working to bring down inflation – Information Minister 

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The Minister of Information and National Orientation, Mohammed Idris, has said relevant ministries and agencies of the Federal Government are working to bring down inflation, stabilize foreign exchange rates.

The minister in a statement disclosed that the ministries and agencies are working towards creating a truly enabling environment for business and investment. 

He said: “The Nigeria that President Tinubu seeks to build is one where no one is left behind.

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“Impactful interventions are being rolled out, including a Students’ Loan Scheme, a Presidential Initiative to deploy lower-cost CNG mass transit buses to provide alternatives to petrol and diesel, and various low-interest loan schemes for businesses. 

“The CNG interventions will bring down the cost of transportation by more than 50 percent. We urge Nigerians to take advantage of these opportunities as they emerge, as they have been designed for the benefit of all.”

According to him, Nigeria Stock Market put the country on the global map for the impressive returns being delivered. 

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“The Indian businesses that pledged $14 billion in new investment in Nigeria on the sidelines of the G20 Summit in India in September 2023 have since started making good on those pledges. Across oil and gas, agriculture, consumer goods, renewable energy, healthcare, ICT and many other fields we are seeing global and local businesses demonstrating unshakable belief in the limitless possibilities that Nigeria embodies.”