November 14, 2024

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Group Urges Nigeria to End Naira Float, Reinstate Subsidies

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Group Urges Nigeria to End Naira Float, Reinstate Subsidies
Group Urges Nigeria to End Naira Float, Reinstate SubsidiesThe Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said the Nigerian government should not determine the value of the naira. Instead, the group said the West African nation should opt […]