The president’s spokesman claimed that the president’s actions over the previous three weeks had stimulated interest in Nigerian affairs among other nations and investors, strengthening the nation’s economy.
He added that leaders of nations and major financial organizations had expressed a desire to meet with the president to discuss potential areas of cooperation with the recent encouraging growth in Nigeria.
“However, in the short term, we have noticed and expected that there will be a slight spike in the demand and then that would affect the value of the Naira viz-viz the dollar. So, apart from the immediate, short and long term positive effects of that unification policy, there could be a need for an injection of direct foreign exchange into the economy to shore up the value of the naira while market forces stabilize. And in the short run or medium term, there is going to be when the effects of this policy begin to mature.” he added.
“Now that is going to build confidence in the foreign exchange system of Nigeria, which means people abroad can begin to bring in their money into the economy, even those at home, who have hoarded their dollars for fear of restrictions and all that will now be more encouraged to bring the dollars into the financial system.
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