President Bola Ahmed Tinubu has explained how Nigeria could finance the $3 trillion National Infrastructure Stock in 10 years.
Tinubu expressed optimism that by working closely with the private sector, financing the $3 trillion National Infrastructure Stock can be achieved in 10 years and not in 300 years.
Speaking at the 29th Nigerian Economic Summit (NES) in Abuja, on Monday, the president assured business community that crucial plans are underway to improve foreign exchange liquidity.
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His statement reads partly: “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.
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“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,”
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