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We Are Committed To Improve Foreign Exchange Liquidity – President Tinubu assures
The President said his administration will honour every legitimate contract with respect to the nation’s foreign exchange obligations.

President Bola Tinubu has allayed the concerns of the business community, assuring them that crucial plans are underway to improve foreign exchange liquidity.
The President said his administration will honour every legitimate contract with respect to the nation’s foreign exchange obligations.
Speaking at the 29th Nigerian Economic Summit (NES) in Abuja, on Monday, President Tinubu said he is confident that by working closely with the private sector, financing the Three Trillion Dollar National Infrastructure Stock can be achieved in 10 years and not in 300 years.
The President said the construction of megacities in every geopolitical zone of the size and scale of Lagos must not take six decades because it can be achieved in one decade, emphasizing that a fully networked and connected Nigeria by rail, gas, fibre optics and road network can be constructed in less than 20 years with thriving Industrial Zones in every geopolitical zone of Nigeria before 2030.
“Consistent with our commitment to enshrining fairness and the rule of law in our country, this government will uphold the sanctity of every legitimate contract. Specifically, as it relates to the foreign exchange obligations of the government, all forward contracts that the government has entered into will be honoured and a framework has been put in place to ensure that these obligations are met in due course.

“My government is not blind to the challenges which several of you are facing in the financial markets. I can allay these concerns by revealing that we have a good line of sight into the additional foreign exchange liquidity that is required to restore market confidence,” the President said.
Assuring the business community of a fairer and safer playing field for all, the President said his administration is strengthening the machinery and architecture of governance by establishing a public and civil service culture and structure that is performance and result-oriented, adding that: “We shall govern ethically, with accountability and transparency; implementing sound and effective policies to accomplish our Eight Priorities.”
President Tinubu outlined the eight priority items of his administration as ending poverty, achieving food security, economic growth and job creation, access to capital across all segments of society and the economy, inclusivity, security, fairness and rule of law, and anti-corruption, stating that he is committed to delivering improved livelihoods and positive economic outcomes which Nigerians can tangibly feel and experience.
Recognizing the institutional frailties of past years and his pragmatic approach to achieving his bold agenda through a path that fully accounts for present-day challenges, the President said: “With the effects of an unsustainable fiscal deficit and hidden subsidies, these factors distorted the money supply and created an unfair playing field for an elite crop of unpatriotic forces. But that is no more. These changes have been tackled head-on. My government has introduced several measures to resuscitate the economy; including the Five Hundred Billion Naira intervention to support small businesses and the agricultural sector. By January 2024, the new student loan program and consumer credit schemes will have come into effect.
The President called on the private sector to support his vision for a greater Nigeria, saying: “I would like to charge YOU, the Captains of Industry here present, to commit and redouble your commitment to our vision of a Renewed and more Prosperous Nigeria, a better Nigeria for all. For us to successfully deliver our promise to Nigerians, we recognise that it is imperative that we foster a highly collaborative relationship with the private sector. We must work together. I have proven capacity in this regard, as we remember the role of public-private partnership in the transformation of Lagos State under my leadership. We will replicate that across Nigeria with your unwavering support.
“Today, I urge you, as Nigeria’s foremost private sector think tank and policy advocacy group, to go much further than you have done before. Bring your ideas, bring your leadership, bring your capital, bring the collective will of your large conglomerates and business networks. Let us build a future of renewed hope. My government is prepared. Are you also prepared?”
The annual Nigerian Economic Summit is organized by the Nigerian Economic Summit Group in collaboration with the Federal Ministry of Budget and National Planning.
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Imperfectly Awesome Conversations Summit to Hold April 13

The third edition of the Imperfectly Awesome Conversations Summit hosted by Omotola Bamigbaiye PhD is set to hold on Sunday, April 13, 2025 at Muson Centre, Onikan, Lagos.
Imperfectly Awesome is Omotola Bamigbaiye’s ode to Resilience and Tenacity, which she first put together in her book titled, “Imperfectly Awesome”, written in an honest and relatable tone to help people love themselves, reinvent, and bloom.
According to Bamigbaiye, the transformative gathering is renowned for bringing together industry experts, business leaders, and influential personalities to inspire change, foster resilience, and celebrate authenticity.
“The third edition of the summit will feature deep, reflective discussions and compelling storytelling that embraces life’s inevitable challenges while highlighting the strength found in imperfection”, she said.
She noted that participants at the summit will have the opportunity to share their journeys of transformation, foster a supportive and inclusive space, advocate for wellbeing, and highlight the power of tenacity and resilience.
She disclosed that this edition of the summit would witness a diverse lineup of visionary speakers and thought leaders, also that the event promises to catalyse meaningful conversations that spark personal and collective empowerment.
She explained that the objectives of establishing the platform is to share stories of ‘becoming’ through our imperfect journeys, inspiring others for social and economic empowerment. Create a safe space where people can lean into to embrace authenticity, and lend a voice to championing wellbeing and supporting everyone who feels ‘not enough’’ in any area of life, while uplifting them to become their true selves through engagements as they embrace the power of positivity.
Bamigbaiye called on corporate organisations and well-meaning individuals to sponsor the summit as part of their corporate social responsibility initiatives.
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News
NECA Calls for pragmatic approach on Policy implementation to prevent Job losses, business collapse

The Director-General, Nigeria Employers’ Consultative Association (NECA), Mr. Adewale Smatt-Oyerinde has called for a more pragmatic approach in the implementation of economic policies to ensure job security for the people and survival of businesses in Nigeria.
Speaking during his appearance on a popular business-related program, Business Nigeria on TVC, on Tuesday, March 11, 2025, Smatt-Oyerinde urged policymakers to review implementation of policies that could hinder economic growth and job creation in Nigeria
He highlighted the need for regulatory bodies to align their actions with the government’s broader economic recovery agenda pointing out that recent policy adjustments, such as the suspension of the 4% Free on Board (FOB) levy and the reduction of the 50% tariff, should be extended to other regulatory measures.
He noted that excessive levies and compliance costs imposed by government would ultimately impact consumers and the economy, urging it to consider long-term economic stability in the implementation of economic policies.
“While it is the law, expediency should come first. Is it appropriate to implement certain policies now when businesses are reducing capacity utilization, stock levels are increasing, and jobs are being lost? The law is not made to kill us; it is made to facilitate business growth. If it is now constituting a hindrance to the private sector and, by extension, the economy, then we must review it.”
“And if that same law is now constituting an endurance to development of the private sector, and by extension, an endurance to development of the economy of this nation, I think we can review it. If the 4% FOB can be suspended, if I see a feeling that the 50% tariff can also be reduced, can also be suspended, I think there is no reason why the FRCM cannot also take a cue from this pattern that has been initiated for us to save the horse, for us to save the goose that is laying the golden egg,” he said
He urged government to prioritize developing policies that would create business opportunities as against stifling business growth in Nigeria.
“This myopic view of revenue generation will do more damage to the bigger picture that the President is focused on. Every additional financial burden on businesses translates to job losses, higher consumer prices, and reduced disposable income for Nigerians. We must shift our focus to policies that promote business survival and economic recovery,” he concluded.
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About NECA
Nigerian Employers’ Consultative Association (NECA) plays a pivotal role in shaping labor policies and practices in Nigeria. With a strong focus on promoting industrial harmony, workers’ rights, and best practices, NECA advocates for policies that ensure the fair treatment of workers and the continued growth of Nigeria’s workforce.
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Benue Protest: Police arrests two ring leaders for culpable homicide

The Benue State Police Command said it has arrested two ring leaders in connection with the violent protest and destruction of properties in Naka, Gwer West Local Government Area LGA of Benue state.
The Commissioner of Police in the state, CP. Steve Yabanet, disclosed this in a statement signed by the Command’s Public Relations Officer (PPRO) CSP Catherine Anene and made available to newsmen in Makurdi on Wednesday.
The Commissioner said they are being charged for culpable homicide, destruction of property in Naka.
The statement said that “On 11/03/2025 at about 0900hrs information was received from Naka Police Division that some youths were protesting at Naka, the headquarter of Gwer-west Local Government Area.
“In response to this information, the Commissioner of Police, Benue state command, CP. Steve Yabanet swiftly moved to the area in company of other heads of security agencies and Security Adviser to the Governor of Benue state, Col. Alexander Ashungyu (rtd) to assess the situation and take necessary actions.
“Upon arrival at the scene, It was gathered that some suspected herders had attacked and killed three youths in the area.
“Consequently, the youths mobilized themselves for a protest that eventually became violent and led to the destruction of the local government secretariat, Ter Nagi’s palace and properties of other prominent sons of Gwer-west.”
According to him, the increased presence of police teams assisted the division to put the situation under control while two ring leaders of the youth were arrested and investigation is on going.
While commiserating with family members and friends of the youths that lost their lives, the CP condemned the killing and promised to bring perpetuators to book.
The CP also condemned the destruction of property by the youth and assured victims of the mischief that justice will be served.
CP Yabanet advised citizens to go about their lawful businesses as increased security presence in the area is meant to prevent further breakdown of law and order.
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