The Federal Government has assured Nigerians of its commitment to implementing macroeconomic reforms aimed at stabilizing the Foreign Exchange (Forex) market.

The Minister of Information and National Orientation, Mohammed Idris, made this pledge during the 2024 Press Week of the Niger State Chapter of the Nigeria Union of Journalists in Minna on Saturday.

Idris, represented by the Director-General of the Voice of Nigeria, Mallam Jibrin Baba Ndace, highlighted the government’s focus on reforms that would enhance economic growth, control inflation, alleviate living costs, and stabilize the foreign exchange market.

He expressed optimism about the prospects of 2024, emphasizing the potential positive outcomes of President Bola Tinubu’s Renewed Hope Agenda for the nation’s economy. Idris outlined the administration’s commitment to sustained economic growth through comprehensive macroeconomic reforms.

“The Tinubu administration will continue to implement macroeconomic reforms to achieve broad economic objectives of sustained economic growth. The reforms will bring down inflation, ease the cost of living, stabilize foreign exchange, and create jobs, among others,” he stated.

Idris addressed recent policy decisions, such as the withdrawal of fuel subsidy and the liberalization of the foreign exchange regime, asserting that these measures demonstrate the government’s adherence to the rule of law.

He highlighted the independence of institutions, including the judiciary, as evidenced by recent court judgments.

Explaining the decision to relocate certain departments of the Central Bank of Nigeria and the headquarters of the Federal Airports Authority of Nigeria to Lagos, Idris emphasized its alignment with global best practices and operational efficiency goals.

He assured the public that these policies have no political motivations and would not disadvantage any part of the country.