The Central Bank of Nigeria's Governor, Dr. Olayemi Cardoso, addresses the House of Representatives, linking the depreciation of the naira against the dollar to the increasing number of Nigerians pursuing education and medical treatments overseas.
The governor outlines plans to tackle the high cost of living and reduce inflation through enhanced agricultural productivity. Federal officials, including the Executive Chairman of FIRS, Zacch Adedeji, emphasize strategic approaches to boost tax revenue without increasing tax rates.
The Minister of Budget and National Planning, Atiku Bagudu, assures a strategic plan to overcome economic challenges, while Finance Minister Wale Edun acknowledges historical economic policies' impact and promises measures for growth.
Edun highlights improvements in oil production and increased investor confidence, urging Nigerians to remain calm with faith in the government's ability to enhance prosperity.
