Mr Gwadabe suggested collaboration among export-related agencies.
The experts also advised the CBN on the need for a balanced approach.
MPR is a short-term, often overnight rate that banks charge one another to borrow funds.
The bank said Deloitte Consulting meticulously assessed the transactions.
CBN’s data indicates that overseas remittances rose to $1.3 billion in February, more than four times the $300 million received in January.
Many Nigerians are now spending long hours in banks, seeking to link their National Identification Number (NIN) to their bank accounts.
On Friday, CBN revoked the operational licences of 4,173 BDC operators.
“We were told that if we don’t clampdown on Binance, Binance will destroy the economy of this country.”
At its first meeting of the year, the Monetary Policy Committee of the CBN voted to raise the MPR by 400 basic points from 18.75 per cent.
“I and my team are not responsible for the woes that we have today. We are part of the solution,” Mr Cardoso said.
