Why naira is weak – ex-finance minister Aganga

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

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: vanguardngrnews - 🏆 5. / 75 Read more »

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.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Nigeria, EU sign over €900m finance agreements for developmental projectsThe Nation Newspaper Nigeria, EU sign over €900m finance agreements for developmental projects
Source: TheNationNews - 🏆 6. / 69 Read more »

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.
Source: LeadershipNGA - 🏆 4. / 77 Read more »

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
Source: vanguardngrnews - 🏆 5. / 75 Read more »