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Financial experts unveil solution to forex crisis as Naira slumps

Financial experts have identified what Nigerians must do to end the country’s foreign exchange crisis.

The News Agency of Nigeria, NAN, reports that the experts disclosed this at the Pre-39th Omolayole Management Lecture (OML) briefing with Journalists in Lagos.

President of the International Association of Students in Economics and Commercial Sciences (AIESEC) Alumni, Bunmi Abejirin in her presentation emphasised that citizens must patronize everything Nigerian to end the forex crisis.

“While the government is doing all it can to address foreign exchange issues, Nigerians must consciously cut their roles in the crisis by beginning to have a taste for everything made in Nigeria,” she stated.

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Meanwhile, the Nigerian Institute of Management Chartered (NIM) President, Dr Christiana Atako, on his part said it is important that Nigerians rally around the government towards ending the forex crisis.

He said the federal government must urgently intervene to avert an impending forex disaster in Nigeria.

“The most important thing now is to find a way to ensure the foreign exchange crisis does not escalate”.

Pmnews.ng reports that the Naira depreciated at the forex window on Wednesday, exchanging at N980/$1 at the parallel market.

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