Ahead of the upcoming presidential election, PDP candidate Atiku Abubakar has said he will direct the Central Bank of Nigeria, CBN to stop the multiple exchange rate regime.
Atiku announced the revelation Sunday on Channels Television’s “The People’s Townhall” which is being watched by DAILY POST.
Access to foreign exchange has been a major challenge for manufacturers, industrialists and business owners in Nigeria.
When asked how he would face the challenge of forex if elected as president, Atiku who was the former Vice President of Nigeria said, “First of all, I will direct the Central Bank of Nigeria to stop the multiple exchange rate to bridge the gap. And then, of course, how do we encourage foreign investors to Bringing in foreign currency from abroad, I think is very fundamental in terms of the challenge. Basically, if you can do that, we’ll save a lot of foreign currency. You may not have enough to do that, but most of our industries and factories will work.”
2023: I will direct CBN to stop multiple exchange rates if elected – Atiku