The Vice President of Nigeria, Prof Yemi Osinbajo has
decried the country’s exchange rate regime and rising inflation.
While the government and stakeholders have continued to
blame internal and external factors, Nigeria’s economic woes have continued to
bite harder on Nigerians.
Expressing concern over the economy, Osinbajo, in his
opening remarks at the 2022 Nigeria Economic Summit held in Abuja, on Monday, said
urgent action is needed to bring inflation down.
“Our exchange rate regime remains of concern.
“While they may not have been perfect, the rules were clear
and the gap between the official and parallel markets was not so wide.
“We will also have to take urgent action to bring inflation
down because it is both a tax on the poor and disrupts long-term growth.
“We would need to increase domestic food production and make
sure that it gets to the market”, he stated.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com