Vice President Kashim Shettima has provided reassurance that the Naira will maintain its stability in the foreseeable future.
Speaking at the inauguration of the National Design and Innovation Competition in Abuja, Shettima emphasized the government’s commitment to implementing policies aimed at stabilizing the currency.
Highlighting recent progress, he noted the gradual appreciation of the Naira following strategic monetary interventions by the government. Currently, the official exchange rate stands at N1396 to a dollar, with a slightly higher rate of N1470 in the parallel market.
Shettima affirmed the government’s ongoing efforts to address various economic challenges, including food security and insecurity under President Bola Tinubu’s administration.
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Recognizing the importance of youth participation in fostering creativity and entrepreneurship, Shettima announced plans to integrate young innovators into the government’s investment programs. This includes initiatives such as the Investment in Digital and Creative Enterprises (i-DICE) program, which aims to allocate $617.7 million towards supporting digital and creative ventures.
Additionally, Titi Ogufere, founder of the Interior Designers Association of Nigeria (IDAN), unveiled plans to train one million youths in furniture production and industrial design. This initiative, in collaboration with the Federal Ministry of Arts, Culture, and Creative Economy, will provide opportunities for participants to showcase their prototypes and collaborate with established Nigerian manufacturers.
By fostering innovation and entrepreneurship among youth, these initiatives aim to contribute to the overall economic growth and stability of Nigeria.
