The federal government has disclosed that it may inject some foreign exchange into the economy to shore up the value of the naira while market forces stabilize.
The Special Adviser to the President on Special Duties, Communication and Strategy, Mr Dele Alake stated this on Wednesday while speaking with reporters in Paris.
The SA is part of President Bola Tinubu’s team attending the new global financial pact summit in Paris, France to facilitate foreign direct investment into Nigeria.
His comment is coming on the heels of the recent exchange rate unification which saw the Naira experiencing a significant surge against the US dollar at black market.
Although the presidential spokesman was not specific about the nature of the dollar injection, he said the President has taken some very bold steps in the area of economy and social engineering in the last few weeks, and particularly with reference to the unification of the multiple exchange rates, which he said has caused very positive multiplier effect.
