Devdiscourse
Development News Edition
Give Feedback
write for Us

Nigerian opposition candidate says he would remove multiple exchange rate


Reuters
Updated: 16-01-2019 19:58 IST
Nigerian opposition candidate says he would remove multiple exchange rate

The main opposition candidate for next month's presidential election in Nigeria, Atiku Abubakar, said on Wednesday he would eliminate multiple exchange rates to attract foreign investors.

Nigeria has at least three exchange rates which the central bank introduced at the height of a currency crisis triggered by low oil prices. Abubakar told Reuters he would also remove a costly fuel subsidy and identify government enterprises to privatise.

(Reporting by Alexis Akwagyiram and Chijioke Ohuocha; Editing by Angus MacSwan)


POST A COMMENT