ABUJA (CU)_Earlier this week, Nigeria’s Vice President Yemi Osinbajo participated in a two-day retreat hosted by the federal government in Abuja, during which he shared his views regarding the naira exchange rate. Delivering a presentation on the Economic Sustainability Plan (ESP) on Monday (11 October), the Vice President noted that it is necessary to “move our rates to [be] as reflective of the market as possible”. At the time, the naira was being traded at N414 at the official market against the US dollar, while in the parallel market, it was N570.
“We can’t get new dollars into the system, where the exchange rate is…
