Sunday, July 21, 2024

F.G Moves to Network With International Finance Corporations at Paris Summit

The Federal Government has disclosed moves to network with international finance Corporations, institutions, and countries that are well-heeled that would facilitate direct foreign investment into Nigeria.
This was disclosed in an interview session with the Special Adviser, Special Duties, Communication and Strategy to the President, Dele Alake after President Tinubu’s closed-door meeting with top Government officials on the trip to Paris prior to the Financial Pact summit.
The Special Adviser, Special Duties, Communication, and Strategy to the President, Dele Alake said the essence of the Financial Pact Summit is to ensure necessary networking as much as feasible and practical to create an enabling environment to encourage foreign investors adding that the Government is also working on the unification of the multiple exchange rates, which has caused very positive multiplier effect.
He further said that apart from the immediate, short, and long-term positive effects of the currency unification policy, there is a need for an injection of direct foreign exchange into the economy to shore up the value of the naira while market forces stabilize and complement the domestic policies.
With the recent policies of President Tinubu’s Government in the last three weeks, Alake said it has encouraged foreign nations including France and investors to become more interested in the affairs of Nigeria.

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