Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says weak naira can boost exports and make Nigeria competitive.
Olayemi Cardoso, governor of the Central Bank of Nigeria , says weak naira can boost exports and make Nigeria competitive.
“This will make Nigeria to become a lot more competitive in the export trade. I just want to encourage people to say that the opportunities are here. Things are recalibrating in a particular direction. It’s not perfect, but definitely there opportunities for people to single out and invest.“By the time you are exporting out to other countries with the cost of import here and the relatively low naira, you will have a situation where you have to do things like that. And I see it happening.
“My understanding of what he said is that the policies that the policies that the Central Bank is taking are putting Nigeria on the right track.
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