The Centre for the Promotion of Private Enterprises (CPPE) don call on the oga chairmo of CBN, Olayemi Cardaso, to put for front the mata wey concern Foreign exchange.
For a press conference statement wey them tag "Ten point agenda for the CBN Governor", MD of CPPE, Mr Yusuf Muda advise the governor to take note of those areas wey consan foreign exchange important as e go help boost the morale of both foreign and local investors to cook eye for the contri.
Him believe say if Mr Cardaso put eye well for these areas, e go increase and strengthen the financial system.
This advice nah unto say the naira dey sharpaly drop value as against the dollar and on Friday, naira bin dey trade at #995 for black market due to heightened demand and low, insufficient supply.
Mr. Yusuf further encourage the CBN Governor to look into "creating an autonomous window in the banking system where the currency can trade freely without any encumbrance " to take support the existing Investor and Exporter exchange window.
The MD of CPPE point out so many areas wey CBN Governor sopoz look into and correct but e get one wey strike me and I say make we yarn. He suggest say make the new CBN leadership address the efficiency of the financial system and I say make I ask; una feel say the CBN dey capable enough to fix the financial system without the interference of say, the president?
Now, I know say as of 1991, them bin dey enjoy a limited autonomy but after 1997 that was removed and them come dey under the Ministry of Finance. And now, the Minister of Finance dey answerable to the president, una no feel say some of the policies wey CBN Governor wan implement go dey somehow tweaked? How una see this case?
https://punchng.com/cppe-urges-new-cbn-gov-to-prioritise-clearing-forex-backlog/
