Leadnaija
The Nigerian economy might use a boost, says Punch Newspaper, and Chief of Army Staff (COAS) Lt. Gen. Olufemi Oluyede has stressed the need of expanding oil production. “Sustained growth in oil production is closely tied to the nation’s economic stability.
It is vital for improving Nigeria’s financial position and stabilising its currency,” Oluyede said during his first visit to the Headquarters of the 6 Division of the Nigerian Army in Port Harcourt on Tuesday. During his address to senior commanders, Lt. Gen. Oluyede brought attention to the fact that expanding oil production would bring in more money for the nation...CLICK TO READ THE FULL NEWS HERE▶▶Â
This, he said, would help offset the impact of the dollar’s appreciation on the cost of food and other necessities. The dollar will continue to rise if oil is not profitable, which will lead to price increases across the board. We do not have any other country but Nigeria. We must all do our part to make sure it’s effective, he said.
The COAS has issued orders to get things done in the oil sector, and they want to see results within the next month. The importance of the military’s role in protecting vital infrastructure, such as oil installations, and their aggressive support of government initiatives to increase output were both emphasised by him.
I have come to give you directives, and those directives must be followed to make Nigeria better,” declared the president. During his visit, Lt. Gen. Oluyede reaffirmed the Army’s dedication to working with other parties to guarantee the safety and effectiveness of the oil production process.
His comments are indicative of a larger national plan to deal with economic issues, such as inflation and the ever-changing value of the naira, which have a major influence on the living standards of many Nigerians. The Chief of Army Staff reaffirmed his faith in the resiliency and capacity for revolutionary progress of the Nigerian people.
With an emphasis on using the country’s oil resources to propel sustainable development, his orders to the 6 Division demonstrate a sense of urgency to handle the critical economic issues. “..CLICK TO READ THE FULL NEWS HERE▶▶Â
There needs to be a noticeable change here in the next month,” he stated. In order for Nigeria to improve, I have come to issue directives, and you must adhere to them.
