Part 5/8:
In parallel to the FX market developments, Nigeria's Minister of State for Industry, Senator John Enoh, has been proactive in addressing the fiscal challenges faced by the organized private sector. While engaging industry players, Senator Enoh highlighted the necessity for enhanced collaboration between fiscal authorities and the private sector to alleviate economic hardship.
Concerns raised during discussions point to a decline in manufacturing GDP, alongside ongoing issues with electricity supply and tariff structures. The minister's commitment to a transparent and constructive dialogue aims to create actionable plans that bind both the government and the business community in a partnership focused on sustainable economic growth.