Nigerians are still reacting to the federal government’s plan to give n75 billion to 75 manufacturing industries as part of palliatives to cushion the effect of subsidy removal. President Bola Tinubu in his speech said the money is meant to kick-start economic growth, accelerate structural transformation and improve productivity as a way of curbing poverty in the country.

Speaking with Access 24’s Daniel Tanimu, in Ikeja said these Lagosians say that the government’s plan to support businesses growth is a welcome development.

This is as they called on the Nigerian government to tackle the naira to dollar exchange rate, which largely determines the price of imported items. 

They also Expressed Concern That the Rising Cost of Living Was Already Hurting Nigeria’s Poverty and Production Index.