FG’ll review forex policy to boost investment, says Osinbajo - Punch Newspapers

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The Vice-President, Prof. Yemi Osinbajo, has said the Federal Government will review the current foreign exchange policy in a bid to stimulate private sector investment.He said, “We recently launched an economic development plan to take us through the next four years, and the key features of the plan are to focus on the private sector and how the private sector must move from just a rhetorical engine of growth to the major factor in growth.

“That would involve to a very good extent reviewing foreign exchange policy, ensuring that we allow the market to play a greater role in foreign exchange policy, which we believe would be important for foreign investment and local investment as well.”He said, “We very strongly are looking at areas of technology; in the past six years, we have witnessed tremendous growth in the technology sector.

He said the government would make investment in infrastructure, roads, rails, power, and had initiated a fund, which it hoped would catalyse a lot of the investments in infrastructure.

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