Stock broker wants policies to drive dollar influx

 NAN-HE-17

 Policies

By Akinwale Aledare

 Lokoja,Oct 17,2016(NAN)Dr Gabriel Odaudu,a stock broker, has urged the Federal government to introduce policies that will help drive an influx of the dollar to boost the economy.

Odaudu told the News Agency of Nigeria (NAN) in a telephone interview on Monday that the only way Nigeria could come out of recession was to encourage more investors to help increase dollar inflow in the country.

Odaudu said there had been scarcity of dollars in Nigeria in the last three months which had been a major issue that had not helped the nation out of its predicament.

He said some few highly placed Nigerians were keeping dollars, meant for commercial banks, to themselves which had made it difficult for banks to issue dollar notes for their transactions.

Odaudu appealed to the Central Bank of Nigeria (CBN) to effectively monitor the distribution of dollars to commercial banks, to ascertain that the currency was being accessed by the right people.(NAN)

 WAL/IA

Edited by Idris Abdulrahman