Worried about the continuous fall of the Naira against the dollar, the Association of Corporate Treasurers of Nigeria (ACTN) has called on the Federal Government to implement policies that would facilitate the convergence of Nigeria’s official window and parallel market rates.
According to them, the reason for the floating of the Naira was for the convergence of rates which they say is yet to happen, while also advocating that Nigeria reduces her dependence on dollars.
Addressing a press briefing to herald its Treasury360 conference and exhibition scheduled to hold on November 16, 2023 in Lagos, tagged “Transforming corporate treasury: What lies ahead,” the president, ACTN, Mr. Adeyinka Ogunnubi, pointed out the need for the federal government to reduce or eliminate completely the dollarisation of Nigeria’s economy.
He also added that there has to be a certain level of synergy in the policy positions of the government,…
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