Border closure, forex restriction’ll boost capital market –Minister

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the Minister of Industry, Trade and Investment, Niyi Adebayo, has said the gains being recorded from the border closure and the foreign exchange restriction on 44 items will increase domestic business

’ activities and make the capital market more active.

He said the sector had nonetheless experienced various economic turmoil in recent years as witnessed in the foreign exchange market between 2014 and 2017, which made the government take immediate steps to redress the problems by banning forex access for purchase of 41 items in 2015. “Nations must be proactive and focused to deliver the right policies and programmes using critical institutions – both public and private – to boost output by providing the right environment and financing for businesses to thrive.He added that the Federal Government remained committed to improving the business environment towards industrialisation and economic prosperity.

 

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Oloshi somebody

how all those that tweeted above doesnt no that increase in local production boost capital market baffles me IGNORANT IS A DISEASE

Quack are given economic advice We are in serious danger

Border closure is good when a nation has done her homework and things are working. Indonesia was buying rubber from Nigerian when they were studying and learning how to make their own work. After it work they didn't struggle with border closure.

No, it will not. Are you this foolish? The economy is being choked, Investors are leaving in droves and you are here yawning opata 😢😢😢

I SMH

Which book of economics is my honourable minister reading?

This people.....

So economist just narrow their empty heads to what they do, they dont even consider other people businesses as if capital market is the only way of income

We’re being governed by first class economic minds. The best that the world has ever assembled. Together they would make an economic policy that has failed in every other country work for us

Buhari disciples

This is next level language if you don't speak it you will join former level.

We can see the boost. 🙄

I wonder what people are smoking in this country

Ghvgj

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