Financial experts have listed what the federal government must do to boost the country's external reserves amid the economic hardship occasioned by fuel
Financial experts have listed what the federal government must do to boost the country’s external reserves amid the economic hardship occasioned by fuel subsidy removal.The economists identified massive gas and agricultural exports as requisite measures to boost the nation’s foreign reserves.
“Our gas reserves are enormous and have yet to be harnessed adequately for the growth of our economy,” Tella said. “Agricultural produce such as cash crops should be prioritised because of its global market revenue potential.He said the federal government would earn more foreign exchange if it exported beyond primary agricultural produce.
Also, Boniface Okesie, President of the Progressive Shareholders Association of Nigeria , said the federal government should ensure that the Nation’s domestic petrochemical plants become operational to boost our external reserves. “Then, the government could begin exporting to many of our West African neighbours and making money in the process,” Okesie said.
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