President Bola Tinubu on Friday said the ban on foreign trips for government appointees will save the country over N5bn.

This is as he urged Nigerians to patronise made-in-Nigeria products and services to sustain the recent gains of the Naira in the foreign exchange market.

He said the recent appreciation of the value of the naira against the dollar does not spell Uhuru yet. Therefore, he called for more collaboration from citizens, whom he urged to blow the whistle on persons seen engaging in practices that undermine the local currency.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale, revealed these to journalists when he delivered President Tinubu’s message at a State House briefing Friday afternoon.

Ngelale explained that the FG expects to save N5bn quarterly by imposing a strict three-month ban on all publicly-funded foreign trips for ministers, heads of government agencies, and other officials.

In a letter dated March 2, 2024, from the Office of the President’s Chief of Staff, Tinubu imposed a three-month ban on all official foreign trips for heads of ministries, departments, and agencies beginning April 1, 2024.

The letter explained that the aim is to reduce the rising expenses incurred by ministries, departments, and agencies on international travel and ensure that cabinet members and heads of MDAs focus on their respective mandates for effective service delivery.

The Presidential Spokesman said, “With the temporary ban being put in place from April 1 on all but unnecessary foreign travel, we’re expecting to save over N5bn per quarter.

“This is going to be one out of several initiatives the President is taking to ensure that we reduce waste in the public sector in such a way that we can steer these very needed recurrent resources into the hands of those who are doing important work on behalf of the Nigerian people.”

He cited recent reviews of the pay structure of judicial officers to ensure internationally competitive remuneration.

Recall that upon assuming office 10 months ago, the Tinubu administration discontinued subsidies on petrol, which, he said, would save the government monies for infrastructural expansion.

He also unified the foreign exchange rates to curb currency arbitrage.

However, these moves sparked collateral instability in the value of the Naira and heaped hardship on Nigerians as food prices soared.

In February 2024, N1,900 was exchanged for one USD in the black market.

The Naira has recently steadily climbed against the US dollar, exchanging N1,382/$ at the official market on Thursday.

Ngelale argued that a stronger naira is necessary for working citizens as it would complement the new minimum wage upon implementation.

He explained, “I’m confident that Nigerians have witnessed the strengthening of the Nigerian Naira against the United States Dollar. This is the direction all of us have wanted to head and we are very sober to the fact that this is no time to rest or to clap.

“This is why His Excellency President Bola Tinubu has approved a series of interventions to ensure that we see a mass strengthening of the Nigerian Naira against all other global currencies.

“One, President Bola Tinubu, wants to communicate very clearly to our people that there has never been a more important time in our history to actively agree together that we will patronise and purchase made-in-Nigeria products across all value chains, across all sectors.”

https://www.google.com/amp/s/punchng.com/foreign-trips-ban-will-save-fg-n5bn-quarterly-says-tinubu/%3famp

Hope you would also walk your talk...

My president.



Nigeria will be great again.

Hehehe.

Hope the president include himself .

We no wan hear he visited France or UK for rest,we all know the type of rest they are talking about.

Let him go to Jos and rest. The state has European weather .

Easier said than done

Following The Update

Nigeria can never be great until we attain nationhood. Now it’s time for the Yoruba’s to enjoy. Let them enjoy.

Hope the ban begins with you Tinubu

I hope you included yourself and your family

Oshkosch:
Nigeria can never be great until we attain nationhood. Now it’s time for the Yoruba’s to enjoy. Let them enjoy.

Whose turn is it to suffer?
Let them suffer

Okay

The future is better for this country, if it's implement

Yawn 🥱🥱

They will soon arrive





Wailers Association of Nigeria

After banning foreign trip, make sure you ban yourself from accessing foreign healthcare. Change begins with you.

Good move
Thank God I supported Tinubu

I love these.

The joke is on all those who hated Peter Obi's stance on this and defended expensive foreign trips.

They'll now be rearranging notes

how much did you save from the 193 million for one borehole in the budget?

Until I get an explanation for this figure, even if 1 dollar equal 1 naira tomorrow, I still will never respect this man.

E lo f'okan bale

Who are they deceiving. At the end of the day, they claim to have meetings in France, whereas they are going for something else

Thant you for trying all your best to make this our great Nation work again

And how can a poor man benefit from it?

Ok

dre11:


https://www.google.com/amp/s/punchng.com/foreign-trips-ban-will-save-fg-n5bn-quarterly-says-tinubu/%3famp

If they ban foreign trip this means na now them go they de make d trip now
Subsidy is gone but pays subsidy behind d door

Dangote refinery will commence full operation by December but we are in march yet no way
Dolar is fallen yet prices of goods & commodities are still going up
Every thing for Nigeria na paddy paddy
Nigerians which way

Toh

Peter Obi thanks for your political thoughts. We will be better off when we apply your ideas.

Urgent medical attention will be an exception even even if he makes it investment in Aso rock hospital.
His appointees within his cycle will also be an exception.

Good... Any training should be done in Nigeria or online henceforth....

I don't believe. N5B dey too small.

I'm pretty sure they budget more than that.


Anyways, Abeg plzz dash me 17k. anyone.

My akkant dey 4 my sig.

Cut the cost of governance... I will foreverly respect his excellency Peter G. Obi.

dre11:


https://www.google.com/amp/s/punchng.com/foreign-trips-ban-will-save-fg-n5bn-quarterly-says-tinubu/%3famp

Tinubu d agba baller, always playing us like felele ball

Thank you Dr Peter Obi
The Lion of Agulu
Iroko of Nigerian
When you speak , everyone takes notes