Osinbajo Clarifies Views On Exchange Rate
Oct 13, 2021 ·
58s
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
Vice President Yemi Osinbajo says that he is not calling for the devaluation of the naira contrary to some reports that trailed his speech at the opening session of the...
show more
Vice President Yemi Osinbajo says that he is not calling for the devaluation of the naira contrary to some reports that trailed his speech at the opening session of the mid-term ministerial performance review retreat at the presidential villa, Abuja.
Osinbajo in a statement says he rather advocates a forex policy to curb corruption.
The Vice President says those who have access to the dollars at N410 turn round to sell it were benefiting from the current exchange rate.
He says the Naira exchange rate benefits only those who are able to obtain the dollar at N410, some of who simply turn round and sell to the parallel market at N570.
show less
Osinbajo in a statement says he rather advocates a forex policy to curb corruption.
The Vice President says those who have access to the dollars at N410 turn round to sell it were benefiting from the current exchange rate.
He says the Naira exchange rate benefits only those who are able to obtain the dollar at N410, some of who simply turn round and sell to the parallel market at N570.
Information
Copyright 2024 - Spreaker Inc. an iHeartMedia Company