President Bola Tinubu recently assented to the electricity bill, which authorises states, companies and individuals to generate, transmit and distribute electricity.
Reacting to the floating of the naira, Meshioye said manufacturers welcomed the initiative, as it would stop the country’s exchange rate from going haywire again.
“It is not likely to be so, going by the floating of the local currency against the dollar. It is one of the things that many people have been looking forward to. So if things are allowed to work properly, it could be one of the fine things to say that the government has done in the recent past. The Central Bank of Nigeria unified the country’s exchange rates into the Investors and Exporters window on June 14, 2023, allowing market forces to determine the exchange rate.
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