Mr Torero said the crisis was affecting agricultural production and food security worldwide, impacting farmers and migrant workers.
OPEC had retained Nigeria’s crude oil production quota at 1.5 million barrels per day, but the country’s production fell to 1.31 million barrels per day in February.
Mr Amadi said that China’s high-speed rail system reflected technological advancement.
He noted that recurring fire outbreaks in major commercial centres had become a growing threat to businesses.
They listed high fuel prices, electricity bills, poor infrastructure, and unfriendly policies as major obstacles to sustaining their businesses.
Mr Ekechukwu, in an interview with journalists on Sunday in Abuja, said the NNPC Ltd. should not be seen to be defaulting in its obligations to contractors.
The expert urged CBN to re-strategise and strengthen its regulatory framework in the financial sector so as to prevent such crisis in banks in future.
CBN on Monday revoked the banking licence of unlisted lender Heritage Bank due to a breach of banking regulations.
The problems mainly are with the states and local governments.
An economist, Chijioke Ekechukwu, says foreign exchange (forex) is not the only determinant of high prices of goods and services.
