…reveals FG efforts in reviving economy
By Udesinanna Stephen
The Senate Leader of the 10th National Assembly, Senator Opeyemi Bamidele has felicitated with Muslim faithfuls on the Eid-el-Fitr, which marks the end of the 2024 Ramadan fast, while revealing that the Federal Government policies are reviving the economy.
In a statement obtained by ROUNDOFFNEWS, Senator Bamidele of Ekiti Central Senatorial District, said, “Now that Ramadan has come to an end, these lessons should reflect in the way we support our governments to resolve the myriad of internal challenges that we are collectively as a federation.
“It should reflect in the way we intercede the more for this federation to sustain the gains of economic stability and political cohesion that we have started experiencing in recent times. It should also reflect in our approaches to conducting businesses; running governments at all levels and discharging civic responsibilities on a daily basis.” He added.
Speaking on the economy, him revealed that the FG pro-people policies is yielding it’s result as stability is returning to economic and fiscal spaces. Noting that “As against ₦1,900/$ in February 2024, the value of Naira is ₦1,117.5/$ as at Wednesday. This represents a gain of about 42% within the space of two months.”
Commending the contributions of the Central Bank of Nigeria (CBN), he notef that CBN has “$7 billion valid foreign exchange backlogs. The federal government has paid back a whopping sum of ₦4.83 trillion out of ₦30 trillion ways and means it obtained from the CBN. And the flow of foreign direct investments is improving by the day.”