Home Agriculture President Tinubu Appeals to Nigerians to Patronize Made-in-Nigeria Goods

President Tinubu Appeals to Nigerians to Patronize Made-in-Nigeria Goods

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President Bola Tinubu has charged Nigerians to patronise made-in-Nigeria goods to strengthen the naira against all other currencies.

The Special Adviser to the President on Media and Publicity Ajuri Ngelale, who disclosed this at the State House, Abuja said President Tinubu affirmed that with active patronage of made in Nigeria goods, the momentum of the naira is gaining will be sustained.

“There is an intentionality 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.

“In addition to that, His Excellency Mr. President beyond the appeal to Nigerians to actively and intentionally make that decision every day to patronize made in Nigeria products and services across the board.

“He is also wanting to ensure that Nigerians fully understand that the momentum that we are now seeing with respect to the strengthening of our currency is not going to slow down, ” he said.

The Presidential aide also announced government interventions including the presidential conditional grant scheme designed to provide 1 million nano enterprises with non-repayable grants of up to 50,000 naira and 75 billion naira to 75 large manufacturers with employees of over 1,000 Nigerians.

“President Bola Ahmed Tinubu is going to ensure that our micro small and medium scale enterprises in the country have what they need to get through this difficult period which is why he has approved the Presidential conditional grant scheme in which over 1 million Nigerian businesses will be empowered with conditional grants this is money they will not have to pay back of up to N50,000 per nano enterprise. With over 1 million Nano enterprises being selected and granted these funds within each and every local government area of the Federation.

“In addition to that, over N150 billion is being disbursed from the Bank of Industry and SMEDAN up on single digit interest rate, loans of up to N2 million to hundreds of 1000s of small and medium scale enterprises across all local government areas of the Federation.

“The President is determined to ensure that we steer lending toward labour intensive and inclusive you know developing sectors of the economy, ensuring that sectors like agriculture and manufacturing get the bulk of lending moving forward. Sectors like construction, the same thing.

“We want to ensure that those industries and sectors that are massively employing our people are those industries that are prioritized with respect to government intervention, which is why the President has approved over 75 billion to be dispersed to 75 large scale manufacturers across all states of the Federation.

“These are going to be manufacturers who employ over 1000 Nigerians in each of their facilities and industries. We are going to ensure that they have the support that they need at the large scale, so that Nigerian families who rely on these large scale businesses are protected,” he said.

He said the President is taking steps to ease the burden on families while also ensuring reduction in cost of governance with the temporary ban that will take effect from April 1 on all unnecessary foreign travels, which he noted will save Nigeria over 5 billion naira per quarter.

According to him, the economic policies and reforms of government will lead to improved economic benefit to Nigerians in the coming weeks and months.

On the issue of minimum wage, Ngelale said the President wants to bring sustainable strength to the currency before fixing a new minimum wage for the Nigerian workers.

He explained that a stronger naira will translate to better living conditions for Nigerians when the new national minimum wage take effect.

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