The Federal Government has injected approximately $8 billion into the economy in an effort to stabilize the naira, according to Bismarck Rewane, CEO of Financial Derivatives Company.
Rewane disclosed this in a recent analysis, highlighting the government’s aggressive interventions to curb the naira’s volatility amid mounting economic pressures. Despite these efforts, the local currency continues to struggle against the dollar, with inflation and foreign exchange shortages exacerbating the crisis.
Experts warn that while such interventions may offer temporary relief, sustainable economic reforms are needed to address Nigeria’s forex challenges.
#Naira #NigeriaEconomy #Forex #BismarckRewane #FGIntervention
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