FG rolls out emergency economic measures
Written by Taiwo Adediran on August 12, 2016
The Federal Government has rolled out what it calls “immediate tasks” to reflate the economy and reduce the current hardship in the country. Vice President Yemi Osinbajo unveiled the measures in Lagos yesterday at the Presidential Policy Dialogue organized by the Lagos Chamber of Commerce and Industry.
Such measures include reducing fiscal and forex imbalances; boosting dollar liquidity; curbing inflation; lowering interest rate, ensuring lending to the real sector as well as increasing Foreign Direct Investments (FDI).
Others are encouraging Public Private Partnerships (PPP); deepening diversification; creating jobs directly and indirectly as well as reducing poverty. The vice president said these measures will put Nigeria on the path of sustained growth and transformation.