Mr. Godwin Emefiele, Governor of Central Bank recently disclosed that over $20 billion is sitting pretty in domiciliary accounts of private individuals at a time when the country is facing foreign exchange crisis and is chasing foreign loans, when its citizens could offer the loan. The current national reserve $27.8 billion.
This revelation was made at a session of the joint committee on appropriation of the National Assembly by the Deputy Governor in charge of Financial System Surveillance, Mr. Joseph Nnenna representing Emefiele
He stated “As I’m talking to you, $20billion is in various domiciliary accounts of individuals. Naira is our currency, why are they keeping the foreign currency? From my experience in the international finance, I have never seen a country where its nationals speculate on its currency".
No comments:
Post a Comment