Politics
Stop Naira Depreciation, Lawmaker Urges Monetary Policy Managers
The lawmaker representing Yewa North/Imeko-Afon Federal Constituency at the House of Representatives, Gboyega Isiaka, has called on monetary policy authorities to take decisive actions to curb the depreciation of the naira. He emphasized the importance of maintaining a stable foreign exchange rate to support economic growth, especially in the private sector.
Isiaka warned against speculative attacks on the naira that could undermine its strength and urged monetary policy managers to be vigilant. He acknowledged the challenges posed by the 2024 budget but expressed confidence that it has the potential to move the country towards increased economic prosperity.
In response to President Bola Ahmed Tinubu’s presentation of the 2024 budget, Isiaka praised the administration for improvements in debt service, tax revenue, and deficit reduction. He also called for increased efficiency and performance of government institutions, including the judiciary, to effectively implement the budget’s goals. Additionally, Isiaka emphasized the need for improved funding for technical and vocational education in the country.
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