Mrs Zainab Ahmed, Nigeria’s Minister of Finance, Budget, and National Planning, has stated that the ministry is collaborating with the Central Bank of Nigeria to reduce the gap between official and unofficial dollar rates by improving foreign exchange inflows.
This was disclosed in an interview with Bloomberg, where Ahmed stated that the Federal Government is aiming to improve sources of revenue, with the predominant source being oil and gas.
The minister drew a clear line between the country’s worrying debt servicing metrics and its spending, according to Punch.