Ahead of the forthcoming presidential election, the candidate of the Peoples Democratic Party, PDP, Atiku Abubakar has said he would direct the Central Bank of Nigeria, CBN to stop the multiple foreign exchange rate regime.
Atiku made this disclosure on Sunday on Channels Television’s “The People’s Townhall” programme monitored by reporters.
Accessing foreign exchange has been a major challenge to manufacturers, industrialists and business owners in Nigeria.
When reacting to a question on how he would tackle the challenge of forex if elected as president, Atiku who was the former Vice President of Nigeria, said: “First of all, I will direct the Central bank of Nigeria to stop the multiple exchange rate to close the gap. And then, of course, how do we encourage foreign investors to bring in foreign exchange from abroad, I think it is very key as far as the challenge is concerned. Basically, if you can do that, we would make available much foreign exchange. You may not have enough to go round but it will get, most of our industries and factories working.”
