{"id":111398,"date":"2024-02-23T19:28:12","date_gmt":"2024-02-23T18:28:12","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt"},"modified":"2024-02-23T22:05:07","modified_gmt":"2024-02-23T21:05:07","slug":"we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt","title":{"rendered":"We are identifying, sanctioning individuals, groups sabotaging economy \u2013 Nigerian Govt"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Minister of Information and National Orientation, Mohammed Idris, says the Nigerian Government is identifying and sanctioning individuals sabotaging the economy.<\/p>\n

The minister noted that the removal of the petrol subsidy was one policy decision that all the three major candidates agreed on in their campaign messages.<\/p>\n

He said it was mystifying to see people who had argued stridently for the removal of subsidy now pretending to be against it, noting that such insincerity does not bode well for the country.<\/p>\n

Idris insisted that the President\u2019s policies are yielding positive results.<\/p>\n

He, however, said that the government was not under any illusion that the policies are silver bullets, or that nothing else is required.<\/p>\n

Stressing that the government will not allow its efforts to be jeopardised, the minister said regulatory and enforcement agencies have been working round the clock in the past few days to identify, investigate and sanction those involved in illegal activities and sabotage within the forex market.<\/p>\n

\u201cAs respected economists and experts have acknowledged, these foundational reforms will be difficult and painful for Nigerians in the short-term,\u201d the Minister said in a statement he signed and made available to journalists in Abuja on Friday.<\/p>\n

\u201cThe problems that we are solving are no doubt multifaceted, intertwined, and deep-rooted, requiring creative, strategic, decisive, and multi-pronged solutions. These bold moves being implemented are in full alignment with what is required.<\/p>\n

\u201cIt is heartwarming to note that we are starting to see the results. Indeed, the naira is stabilizing, and the foreign exchange market is seeing a surge of inflows.<\/p>\n

\u201cSadly, as with any effort to reform and sanitise a system entrenched in long-term malpractice, the CBN\u2019s efforts have been met with ferocious resistance from speculators and other unscrupulous players within and outside our country, who profit from dysfunction and opacity.<\/p>\n

\u201cTo tackle this, regulatory and enforcement agencies of government have been working round the clock in the past few days, joining forces to address these efforts at undermining the reforms.<\/p>\n

\u201cThat strategic alliance has led to the intelligence-led identification, investigation and sanctioning of individuals and organizations involved in illegal activities and sabotage within the forex market.<\/p>\n

\u201cRelevant regulatory and security agencies have been directed to remain vigilant to ensure that malpractices capable of undermining our currency are averted and that those engaged in these acts are brought to book. The government will not allow its efforts to be jeopardised.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Minister of Information and National Orientation, Mohammed Idris, says the Nigerian Government is identifying and sanctioning individuals sabotaging the economy. The minister noted that the removal of the petrol subsidy was one policy decision that all the three major candidates agreed on in their campaign messages. He said it was mystifying to […]<\/p>\n","protected":false},"author":84,"featured_media":111396,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,2660],"tags":[1570,2140,254,227],"class_list":["post-111398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-nigerian-govt"],"yoast_head":"\nWe are identifying, sanctioning individuals, groups sabotaging economy \u2013 Nigerian Govt - Nigeria<\/title>\n<meta name=\"description\" content=\"Minister of Information and National Orientation, Mohammed Idris, says the Nigerian Government is identifying and sancti ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We are identifying, sanctioning individuals, groups sabotaging economy \u2013 Nigerian Govt\" \/>\n<meta property=\"og:description\" content=\"Minister of Information and National Orientation, Mohammed Idris, says the Nigerian Government is identifying and sancti ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-23T18:28:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-23T21:05:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1708705789.979315.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"810\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"We are identifying, sanctioning individuals, groups sabotaging economy \u2013 Nigerian Govt\",\"datePublished\":\"2024-02-23T18:28:12+00:00\",\"dateModified\":\"2024-02-23T21:05:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt\"},\"wordCount\":422,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1708705789.979315.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"Nigerian Govt\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-are-identifying-sanctioning-individuals-groups-sabotaging-economy-nigerian-govt\",\"name\":\"We are identifying, sanctioning individuals, groups sabotaging economy \u2013 Nigerian Govt - 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