ABCON chief commends FG on Naira stability

Alhaji Aminu Gwadabe, President, Association of Bureaux De Change Operators of Nigeria (ABCON) has commended the Federal Government on its effort to stabilise the Naira and restore sanity to the foreign exchange market.

Gwadabe told our reporter in Lagos on Tuesday that the three years of the present administration, though challenging, saw frantic efforts at rescuing the naira from speculators.

According to him, the post-recession economy witnessed tremendous growth in Foreign Direct Inflows (FDIs), renewed investor’s confidence and reduction in the nation’s imports.

The ABCON chief said that the government should consolidate on its diversification agenda to move the economy over dependence on oil.

He explained that the growth and development of the solid mineral’s sector would bring value to Nigerian professionals.

The financial expert said that the outlook of the nation’s currency remained bright as the country continues to enjoy recognition from the international community and developmental partners.

According to him, synergy between the fiscal and monetary policy makers is needed to grow the economy.

It was reported that President Mohammadu Buhari’s Democracy Day speech was full of hope for a better Nigeria.

The President noted that though the three years of his administration had been a challenging one, he was confident of delivering a better Nigeria.