Budget minister says fg working hard to ensure stable forex rate in 2017

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Title: Budget Minister Assures Stable Forex Rate in 2017

Summary: The Minister of Budget and National Planning has announced that the Federal Government is working hard to ensure a stable foreign exchange (forex) rate in 2017. The minister emphasized that the government is taking steps to boost the country's foreign reserves and improve the overall economy.

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The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has assured that the Federal Government is working tirelessly to ensure a stable foreign exchange (forex) rate in 2017. Speaking at a press conference in Abuja, the minister said that the government is taking concrete steps to boost the country's foreign reserves and improve the overall economy.

According to the minister, the government is working to increase non-oil exports, improve the country's trade balance, and attract foreign investments to boost the economy. He also emphasized that the government is committed to implementing policies that will promote economic growth and stability.

The minister's statement comes amid concerns over the country's forex crisis, which has led to a devaluation of the naira and a shortage of foreign currency. The crisis has affected businesses and individuals who rely on foreign exchange for imports and other transactions.

The government's efforts to stabilize the forex rate are expected to have a positive impact on the economy, including reducing inflation, improving the value of the naira, and increasing foreign investment.