In a recent statement, former Minister of Information, Labaran Maku, has urged President Bola Tinubu to make decisions that will provide Nigerians with relief from economic difficulties, as reported by The Cable.
Maku made this call in Abuja on Thursday after receiving an honorary fellowship from the Nigeria Institute of Public Relations (NIPR).
The former minister underlined the importance of managing monetary policies for a developing nation like Nigeria and expressed concern over the declining value of the naira.
He highlighted the potential benefits of a stronger naira for the country's industrial sector and reflected on his tenure as Minister of Information.
Maku noted the challenges faced in managing the country's information and economic sectors.
"I will particularly call on him to do everything possible to review and bring to fruition economic policies that will bring some level of respite to the people of Nigeria."
"If the value of the naira continues to go down, the consequences will be that nobody will produce in Nigeria. We are a capital goods importing country, and whatever you want to do for the country, you must have imported machinery. We don’t produce machinery."
"If the value of the naira is up, a lot of companies will be in Nigeria, and I believe a lot are doing so. The president needs to look critically at those policies," Maku said.