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Assuming the President of the Federal Republic of Nigeria appoints you as the Governor of the Central Bank of Nigeria (CBN) and your immediate assignment is to correct the wide disparity between US Dollar and Naira. As of recent the exchange rate was 500 Naira to 1 Dollar which is highly disheartening and the President is not ready to wait any longer for this gap to be bridged. As the Governor of CBN what will you do to dominate the Foreign Exchange since you do not have the luxury of time to wait for the correction of this Adverse Balance of Payments through the forces of demand and supply?

Posted Date: Jun 05, 2024 01:04 PM

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