Senator Ali Ndume, representing Borno South, on Saturday, lauded the federal government’s plan to de-dollarize the economy, calling it a “bold” move that will alleviate pressure on the naira.
He made this call in a press statement issued on Saturday.
Finance Minister Wale Edun announced the plan on the sidelines of the World Bank/IMF annual meetings in Washington DC. The de-dollarization aims to significantly reduce Nigeria’s reliance on the US dollar in trade and financial transactions.