Forex- M.A.N. Urges F.G. To Boost Liquidity, Transparency In Official Window

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The Manufacturers Association of Nigeria has urged the federal government to maintain all measures to boost the level of liquidity and degree of transparency in the official forex window even as the backlog of $7 billion forex obligations is being cleared.

The government was also advised to manage the floating exchange rate system within an acceptable lower and upper bound, pending the actualization of a net-exporting economy aspiration.

President of the Manufacturers Association of Nigeria, Francis Meshioye gave this advice during the Presidential luncheon and MAN 2023 reporter of the year.

Meshioye also said the apex bank should allow forex access for the importation of vital industrial inputs that are currently not available locally and subject them to a backward integration policy that gives priority to a predictable sunset clause.
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