The Presidency announced on Friday that the Federal Government, under President Bola Tinubu’s leadership, would save N5 billion quarterly from the ban on foreign trips for ministers, chiefs of government agencies, and other official travels paid with public funds.
Ajuri Ngelale, Tinubu’s Special Adviser on Media and Publicity, made this known while addressing State House Correspondents at the Presidential Villa in Abuja.
Tinubu recently imposed a significant ban on foreign trips funded with public money for ministers, heads of government agencies, and other officials in Nigeria.
The three-month ban, effective from April 1, 2024, is part of a broader effort to reduce government spending and promote fiscal discipline.
Ngelale stated that Tinubu’s objective is to generate substantial savings for the government while demonstrating a commitment to fiscal prudence and prioritizing service delivery over excessive expenditures.
Furthermore, Ngelale highlighted Tinubu’s call for Nigerians to buy locally made products and patronize Nigerian services to boost the economy and maintain the value of the Naira.
He also mentioned Tinubu’s actions against fraud in cryptocurrency trading and the foreign exchange market, urging people to report any illegal activities.
Ngelale noted that Tinubu’s decisive measures against cryptocurrency trading platforms and sharp practices within the foreign exchange market are yielding positive results.
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