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Allow Naira To Reflect Market Realities, Osinbajo Tells CBN

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In view of the falling exchange rate in the market, Vice President Yemi Osinbajo has called on the Central Bank of Nigeria (CBN) to allow the naira In view of the falling exchange rate in the market, Vice President Yemi Osinbajo has called on the Central Bank of Nigeria (CBN) to allow the naira reflect the realities of the market.

According to him, “There must be synergy between the fiscal and the monetary authority. We must be able to deal with the synergy, we must handle the synergy between the monetary authority, the CBN, and the fiscal side.

“The ministry of industry, trade and investment should handle MSMEs interventions, and we should know what the CBN is doing. In other words, if the CBN is intervening in the MSME sector, it should be with the full cooperation and consent of the ministry of industry. Osinbajo said Buhari deserve the credit for providing steady leadership through the economic crisis last year.

 

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