A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, has praised the ongoing economic reforms of President Bola Tinubu. He believes that trade reforms will enhance competitiveness and productivity, thereby attracting foreign investments.
Moghalu, however, sent a note of warning about making the naira a stronger currency against the dollar and other foreign currencies.
He explained further that a stronger currency would make importation cheaper and could affect competition between local and foreign products.