The minister noted that the pricing of gas was currently a major threat to the availability and affordability of fuel in Nigeria.
That is why when we are talking of the e-Naira, we say it’s the same naira with purchasing power and possibilities,” said Osita Nwanisobi, CBN spokesman.
The global bank said the FG’s exchange rate management policies “continue to discourage investment and fuel inflation.”
Central Bank governor Godwin Emefiele says about US$900 million has been invested in firms run by Nigerian founders since 2015.
The Nigerian currency which exchanged for N545 to a dollar last week has further dipped on Thursday.
The finance minister said the Buhari regime resorts to loans from CBN when “revenue underperforms.”
The National Economic Council (NEC) says President Muhammadu Buhari has approved a fresh N656 billion Bridge Financing Facility to 36 states.
According to NERC, consumers may elect to acquire a meter from the Meter Asset Programme (MAP) pending the conclusion of the NMMP.
Agencies comprising FCCPC, EFCC, CBN, ICPC and NITDA would work to unravel the identities and operations of money lenders who violate Nigerians’ rights, Mr Irukera said.
With the approval, Airtel will be able to provide financial services in Nigeria.
