Abuja – Prof. Akpan Ekpo, Director-General, West African Institute of Financial and Economic Management, has advised the Federal Government to create more enabling environment for the nation’s economic growth.
He spoke in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday.
He observed that the government ought to formulate financial policies that would favour manufacturing of goods for export before allowing the market to take control of the Foreign Exchange (FOREX) market.
According to him, Nigerian economy is not sophisticated enough to implement the type of FOREX market mechanism regime enunciated by the Central Bank of Nigeria (CBN).
“If the economy is productive and there are manufactured goods for exports, then the FOREX market would operate like any other market in the economy,’’ he said.
“The government should implement all the measures in the budget so as to put the economy on the path of recovery,’’ he said.(NAN)