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BREAKING: Naira hits new low, 1060/$ as MAN kicks at policy reversal – Opinion Nigeria

The problem is about policy somersaults, some of our members who have outrightly invested in backward integration will now start to regret this move because everyone who can assess FOREX will claim to be an importer, forcing sincere manufacturers to close shop and increasing the numbers of jobless persons.โ€
Lekan Adewoye Business Programme Manufacturers Association Of Nigeria Central Bank Nigerian Forex Market Vice Chairman

Naira falls again, hits N1100/$ – Opinion Nigeria

Speaking further on why manufacturers are leaving the country, Adewoye said: โ€œLack of consultation, I can speak for manufacturers because we always try our best to engage the government on some critical issues and decisions, but when some of these decisions are being taken, manufacturers are not being consulted.
Lekan Adewoye Central Bank Manufacturers Association Of Nigeria Business Programme Nigerian Forex Market Vice Chairman

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