President Bola Tinubu has stated that his administration will evaluate the Central Bank of Nigeria’s (CBN) currency swap policy.
He claimed that the apex bank’s implementation of the currency exchange was overly harsh in light of a large number of unbanked Nigerians.
Tinubu stated that he will try to standardize the currency rate in order to channel funds into meaningful investments.
He stated that a unified currency rate would aid in the creation of equipment and jobs, which would boost the economy.
He also stated that interest rates would be decreased in order to stimulate investment and so sustain the economy at a higher level.
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