According to Global Village Extra, Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has promised that the Naira will stabilize in the year 2016.
He is said to have given the assurance during an interactive session in Abuja over the weekend.
However, he didn’t disclose the exact strategy to be used for the stabilization. “Don’t ask me because I will not disclose our strategy for now,’’ he said.
He further stated:
“CBN
will soon start a nationwide campaign to sensitize Nigerians to items
excluded from importation. This is part of efforts to save more foreign
exchange and stabilize the nation’s currency. The solution to free-fall
of the naira is by controlling the demand for foreign currencies such as
the dollar. If we are able to reduce importation, the demand for the
dollar will fall automatically.’’
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