Nigerians should do more exportation to increase FOREX earnings

An Economist, Prof. Mike Obadan, has urged Nigerians to be more involved in exportation of goods and services than importation to increase the country’s foreign exchange earnings.
Obadan, a Non-Executive Director of the Central Bank of Nigeria (CBN), made the call in Benin on Thursday.
He said the more foreign exchange the country earned, the more positive the effect would have on the value of the Naira.
“There is insufficient foreign exchange reserve in the country; it is not earning foreign exchange the way its citizens are demanding foreign exchange for importation….

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