Fuel subsidy hardship: Economists don give Tinubu urgent solutions
Financial experts don list wetin federal government must do to boost di kontri external reserves inside di economic hardship wey fuel subsidy removal bring. Di Economists don give Tinubu urgent solutions on di matter.
Dem reveal dis tori inside separate interviews with NAN on Sunday for Lagos.
Di economists identified massive gas and agricultural exports as measures to boost di nation foreign reserves.
Prof. Sherifdeen Tella, Head of the Economic Department, Olabisi Onabanjo University (OOU), Ago-Iwoye, Ogun, yarn say Tinubu administration need consider exporting more gas to earn foreign exchange.
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As di Economists give Tinubu solutions, dem say di authorities need to initiate macroeconomic policies. Dis na to support di deepening of gas production for di kontri.
Also, as of May 9, di nation external reserves decline to $35.23 billion. Dis na according to data from di Central Bank of Nigeria (CBN).
Also, last year, di external reserves lose 10.52 per cent ($4.15 billion) following declining foreign exchange inflows through oil sales and other sources.
For di last first quarter of di year, external reserves lose about $1.82 billion, and dat one weak di CBN firepower to defend Naira.
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