Emmanuel OchayiThe Association of Corporate Treasurers of Nigeria (ACTN) has voiced their concern about the ongoing depreciation of the Naira against the dollar.
They are urging the Federal Government to implement policies that will finally bridge the gap between Nigeria’s official exchange rates and the parallel market.
Join our WhatsApp ChannelDuring a press briefing to announce their upcoming Treasury360 conference and exhibition scheduled for November 16, 2023, Mr. Adeyinka Ogunnubi, the president of ACTN, emphasized the necessity for reducing the dollarization of Nigeria’s economy and the importance of policy consistency.
READ ALSO: Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market
He commended recent government actions, such as the removal of fuel subsidies and the unification of the currency, as steps in the right direction.
Mr. Ogunnubi stated, “We have to give the new Central Bank of Nigeria some time because they are doing a lot, but I can only hope that a lot of these conversations result in liquidity sooner than later.”
Regarding the upcoming conference, he highlighted its significance in the world of corporate treasury, bringing together experts and professionals to discuss the future of treasury management in an evolving financial landscape.
“Our theme, ‘Transforming Corporate Treasury: What Lies Ahead,’ encapsulates the essence of our mission: to navigate the changing tides of treasury management, discover emerging trends, and unlock new opportunities,” he stated.
He also revealed that the event will feature influential industry speakers and showcase the latest innovations, technologies, and solutions to enhance treasury operations.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
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