The Presidency has cautioned Nigerians who are hoarding foreign currencies to stop forthwith, warning that the policies of the government would shock them. He disclosed that the President Bola Tinubu’s administration is working on policies that will strengthen the naira. But Fasua said the trend is expected to continue as a result of policies being implemented by the government. “Some people thought that the naira would continue to lose value. “If you want to position your exports properly, you have to be strategic, even in terms of the value of your currency.

Source: Punch November 07, 2023 20:47 UTC