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Lagos State Governor, Akinwunmi Ambode on Tuesday expressed optimism that the foreign exchange crisis plaguing the country which has resulted in Naira depreciating considerably low against the dollar is solvable.
Ambode, while playing host to the Managing Director/Chief Executive Officer of Nigerian Breweries Plc, Mr. Nicolas Vervelde at the Lagos House in Ikeja said the country must look inward and start to embrace massive local manufacturing of products and local ownership of businesses.
Ambode said the deficiency which Nigeria is currently experiencing in the economy as a result of the forex challenges was a pointer to the fact that all hands must be on deck to carry out some kind of structural adjustment on the economy and encourage the manufacturing of products needed by Nigerians in Nigeria.
He commended the strategies adopted so far by President Muhammadu Buhari to address the challenges confronting the economy, and solicited the support of all Nigerians in ensuring the success of the current efforts of the Federal Government.
Source: PM News
Ambode, while playing host to the Managing Director/Chief Executive Officer of Nigerian Breweries Plc, Mr. Nicolas Vervelde at the Lagos House in Ikeja said the country must look inward and start to embrace massive local manufacturing of products and local ownership of businesses.
Ambode said the deficiency which Nigeria is currently experiencing in the economy as a result of the forex challenges was a pointer to the fact that all hands must be on deck to carry out some kind of structural adjustment on the economy and encourage the manufacturing of products needed by Nigerians in Nigeria.
He commended the strategies adopted so far by President Muhammadu Buhari to address the challenges confronting the economy, and solicited the support of all Nigerians in ensuring the success of the current efforts of the Federal Government.
Source: PM News
