The Federal Government through the Central Bank of Nigeria has been urged to sustain recent moves and policies being rolled out to stabilise the naira.
The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, who dropped the hint in a statement on Thursday, urged the federal government to clamp down on those sabotaging the economy to sustain its economic reforms and revamp the naira.
According to him, President Bola Tinubu’s efforts at curbing the forex volatility is working as the naira has been firming up against the dollar.
Adeyemo said that if the country could sustain the exchange at N1000/dollar or less, Nigerians would have a great deal of relief
The property merchant called while speaking after being honoured by a Yoruba online medium, Boseri.
Adeyemo said “it will certainly take a little while for the economy to recover from the forex policy shock and oil subsidy removal, but if it keeps fluctuating, up and down, it won’t augur well for the economy.
“This is why President Tinubu must not lose track of his determination to bring our economy back to life. Whatever is being done to revamp the Naira must be sustained.
“Those sabotaging the economy should also not be spared either and I want to believe that in a matter of weeks, the forex will further crash and that is a relief for our country’s economy”.
Source: The Punch Newspaper
