Economic instability, FX scarcity forced 800 companies to shut down in 2023 —Edun

Wale Edun, Minister Of Finance And Coordinating Minister Of The Economy, has blamed the shutdown of about 800 companies in 2023 to foreign exchange market instability, unfulfilled promises, and contract breaches.

Edun made this known on Tuesday in Abuja while giving a sectoral report of President Bola Tinubu’s one year in office.

The minister said the departure of these companies was not sudden.

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