Why naira is weak – ex-finance minister Aganga

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 75%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

A former Minister of Finance, Olusegun Aganga, has explained that the naira would continue to experience a free fall if Nigeria remains an import-dependent country.

He said it was not a wise decision to defend the naira with billions without appropriate investments in the manufacturing sector to drive the country’s exports.

He added that Nigeria must produce for local consumption and more importantly for export, for the naira to be strong.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Nigeria must boost non-oil export earnings to saveNaira, says AgangaA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Fonte: vanguardngrnews - 🏆 5. / 75 Consulte Mais informação »

China commits 85 per cent finance for Abuja-Kano, Port-Harcourt- Maiduguri railway projectsThe People's Republic of China has committed 85 per cent of funds to refinance the completion of the Abuja-Kano and Port-Harcourt-Maiduguri railway projects.
Fonte: DailyPostNGR - 🏆 11. / 59 Consulte Mais informação »

Nigeria, EU sign over €900m finance agreements for developmental projectsThe Nation Newspaper Nigeria, EU sign over €900m finance agreements for developmental projects
Fonte: TheNationNews - 🏆 6. / 69 Consulte Mais informação »

AFEX To Unlock Finance For $1trn Commodity MarketAfrica’s commodities player, AFEX has unveiled its updated pricing methodology for its business unit to unlock finance for the $1 trillion Commodity Market.
Fonte: LeadershipNGA - 🏆 4. / 77 Consulte Mais informação »

AfDB, AGF kick-off finance series for women entrepreneurs in NigeriaA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Fonte: vanguardngrnews - 🏆 5. / 75 Consulte Mais informação »