Senate explores policy options to mitigate impact of Naira depreciation

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Senate

Disturbed by the latest depreciation of the Naira against major foreign currencies, the Senate through its Committee on Finance, has said that it is exploring a range of policy options to mitigate the impact of the currency's decline in value and foster economic stability in the country.

Disturbed by the latest depreciation of the Naira against major foreign currencies, the Senate through its Committee on Finance, has said that it is exploring a range of policy options to mitigate the impact of the currency's decline in value and foster economic stability in the country.

He, however, urged Nigerians to remain vigilant and resilient as they navigate these uncertain times, saying 'together, we can overcome the challenges facing our economy and chart a path towards prosperity for all'. The statement titled: 'State of the Nation Economy and Naira Depreciation', added, 'The Nigerian economy is facing significant challenges, exacerbated by both internal and external factors.

 

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