Nigeria to receive $10bn inflow to stabilize naira – Finance Minister

The minister who spoke on Monday during a panel session at the ongoing 29th Nigeria Economic Summit (NES) in Abuja, added that the government has a clear view of the inflows into the country in weeks rather than months.

“In addition, from the supply of foreign exchange through NNPC, increased production, reduced expenditure, from transactions such as forward sales, from our discussions with sovereign wealth funds, that are ready to invest and provide advance alongside that investment, there is a line of sight of $10 billion worth of foreign exchange in the relatively near future in weeks rather months,” he said.