- Lawmakers are calling on the federal government to adopt the Chinese Yuan as an official foreign exchange currency
- They believe if implemented, the policy will help the naira recover its lost value
- The Naira has been under serious pressure both at the official and unofficial exchange market
The House of Representatives has urged the federal government to adopt a 2018 policy to recognise the Chinese Yuan as an official foreign currency for conducting business transactions in Nigeria.
The move the lawmakers believe will help reduce the pressure on the naira and its depreciation.
