The Federal Government has said it is actively addressing the issue of pressure on foreign exchange in Nigeria.

Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, said this on Tuesday in Ogun State.

Uzoka-Anite emphasised the government’s commitment under the leadership of President Bola Tinubu, to encourage industrialisation and allocate necessary resources to boost economic recovery.

She added that the present administration also aims at removing obstacles that hinder business growth.

“President Bola Tinubu is determined to tackle the challenges of unemployment, foreign exchange pressure, and economic diversification conclusively.

“Manufacturing and value chain addition is necessary for the overall development of our country. There is no way around it; the cause of inaction is huge and we cannot afford it,” she said.

In his remark, Gov. Dapo Abiodun emphasised the importance of corporate social responsibility by companies on their host communities.

Abiodun added that when companies engage in corporate social responsibility, the community takes ownership and supports their overall development.