The Minister of Finance, Olawale Edun, has disclosed that the federal government is targeting foreign exchange outside the banking sector to address the liquidity crisis in the FX market. Edun stated this on Tuesday while appearing before the House of Representatives Committee on Finance. He stated that the forex in the hands of Nigerians represents the new “foreign reserve” of the country, adding that the liquidity in the hands of Nigerians runs into billions of dollars. Foreign exchange held by Nigerians in cash outside the banking system is in the…
Read MoreGovt Targets Dollars In Nigerians’ Hands To Address FX Shortage – Minister
