From Yakubu Mustapha Minna

Chairman of the Senate Committee on Finance and Senator representing Niger East Senatorial District, Mohammed Sani Musa has said the committee is working out measures in mitigating the current effect of continuous naira depreciation and foster economic stability.

Senator Musa in a statement he personally issued that addressed the state of the Economy and Naira Depreciation in Nigeria, proffered various solutions to the challenges at tackling the economic instability and continuous depreciation of the Naira

According to him, the Senate will explore and encourage a robust oversight to mitigate naira depreciation and Nigeria economic instability as the Nigerian economy is facing significant challenges, exacerbated by both internal and external factors as we continue to navigate on getting back our nation and economy back on track”.

He added that “despite efforts to stabilize and bolster economic growth, the numerous initiatives and bold but necessary steps and policy decisions taken by President Bola Ahmed Tinubu GCFR, the persistent depreciation of the Naira against major foreign currencies has become a pressing concern”.

The Senate Committee Chairman on finance said the recent depreciation of the Naira underscores the need for proactive measures to safeguard the stability and resilience of the currency through close monitoring the situation by working collaboratively with relevant stakeholders to implement effective policies and strategies aimed at solving the problems therein.

Senator Musa 313, therefore urged all Nigerians to remain vigilant and resilient, so that together Nigeria can overcome the challenges facing the economy and chart a path towards prosperity for all.

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