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Adeosun: Naira will Continue To Get Stronger

Nigeria's Finance Minister Kemi Adeosun speaks at a news conference in Lagos, Nigeria, April 9, 2016. Nigeria is considering selling Chinese Panda bonds to help finance the 2016 budget, its finance minister said on Saturday. REUTERS/Akintunde Akinleye - RTX296PG

[dropcap]T[/dropcap]he Naira has every reason to keep rising says minister of finance Kemi Adeosun.

The minister on Thursday said there’s no significant risk of devaluation in the medium term, due to the stability of the currency across multiple exchange rates for more than three months, while the central bank continues to intervene with dollar sales on the official market.

The Central Bank Governor Mr Emefiele has always said that the apex bank will defend the Naira fiercely. Emefiele has implemented a number of important measures, provided strong moral support for the Federal government and also restored the financial sector faster than expected and carried out a highly successful rescue of the economy.

Emefiele at the London Stock Exchange

In all, given the starting point, the performance of the Nigeria economy has been remarkable, according to global financial experts in Washington, during the 2017 Annual World Bank/IMF meeting.

 

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Written by Per Second News

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