The Governor of Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso, has begged Nigerians to be patient, as the management of the apex bank is doing everything possible to ensure that the Naira is strengthened.
Dr Cardoso stated this at the 2024 public lecture entitled: ‘Recent Developments in a Nigerian Foreign Exchange Market: Issues, Options and Way Forward’, organised by the Nigerian Economic Society held in Ibadan.
The CBN governor, who was represented at the event by Dr. Usman Opanachi of the Department of Monetary Policy, assured Nigerians that things will come to normal.
Delivering the lecture, a renowned economist, Prof Sam Olofin, said it will be difficult for the CBN to control the foreign exchange saying the parallel market forces have taken dominance.
On the evolution of the Nigerian Foreign Exchange Market, Professor Olofin urged government not to apply the old style of approach as it will lead to know results.
In his welcome address, President of the Nigerian Economic Society, Prof Adeola Adenikinju implored the Federal Government to consult economists on the weak economy.
Post a Comment