Senate: Persistent depreciation of Naira worrisome

The Nation Newspaper Senate: Persistent depreciation of Naira worrisome

The Senate on Sunday, April 28, raised concerns about what it described as “persistent depreciation of the Naira.”

“Despite efforts to stabilize and bolster economic growth, the numerous initiatives and bold but necessary steps and policy decisions taken by President Bola Tinubu, the persistent depreciation of the Naira against major foreign currencies has become a pressing concern.“The recent depreciation of the Naira underscores the need for proactive measures to safeguard the stability and resilience of our currency.

“This includes robust oversight of fiscal policies, engagement with key stakeholders, and the formulation of targeted interventions to support key sectors of the economy.

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