Economy and Politics: Productivity is Key to Nigeria's Exchange Rate Stability
This edition of the 'Economy and Politics' show features Professor Akpan Ekpo an economist and public policy analyst, as he speaks on "Foreign Exchange Management and Economic Stability in Nigeria".
Following the recent suspension of the sale of forex to the Bureau De Change, BDCs by the Central Bank of Nigeria, the economist said it was a good decision that will strengthen the monetary policy mandate of CBN.
He hoped that the current foreign exchange policy stance of the CBN will be sustained without political interference in the country.
On his support for the managed float approach for Nigeria's foreign exchange, the economist stressed that it does not negate the markets, but rather it watches the market and knows when to intervene.