The Centre for the Promotion of Private Enterprise has called on the newly appointed Governor of the Central Bank of Nigeria, Olayemi Cardoso, to prioritise clearing the backlog of forex exchange obligations.
The Managing Director of CPPE, Muda Yusuf says the clearance of the backlog of forex obligations should be accorded high priority to restore the confidence of domestic and foreign investors.
He suggested that the newly appointed CBN management team should, in addition to the existing Investor and Exporter FX exchange window, create an autonomous window in the banking system where the currency can trade freely without any encumbrances.