$10bn forex inflow expected in weeks – Finance Minister Edun

📆 10/23/2023 10:22 AM
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Minister of Finance and Coordinating Minister of the Economy Wale Edun has stated that around $10 billion of forex inflows is expected within weeks rather than months.

Edun stated this during a panel session at the ongoing Nigeria Economic Summit, where he answered questions about stabilising the foreign exchange market and enshrining liquidity in the market.

” The minister further said President Tinubu has signed two executive orders geared towards ensuring liquidity in the forex market. “Mr President announced that he had taken measures to ease illiquidity in the forex market, which we know is very problematic at this time,' he said. Edun added. “The market is illiquid; it’s not functioning properly because there is no supply and there are various reasons for that.

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