FG To Raise $10 billion To Boost FX Liquidity

President Bola Tinubu says the Federal Government is looking to raise about $10 billion in revenue to boost liquidity in the foreign exchange market.   

Represented by the Vice President, Kashim Shettima, during the inaugural Public Wealth Management Conference, the president also said his administration will generate millions of jobs by leveraging on Nigeria’s extensive public assets to maximise and double the nation’s Gross Domestic Product (GDP).

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The event was organized by the Ministry of Finance Incorporated (MOFI) with the theme, “Championing Nigeria’s Economic Prosperity”.  

The President further emphasised transparency and accountability as key principles, believing that improved corporate governance, innovative partnerships, and attracting alternative investment capital will significantly increase returns.