The Federal Government of Nigeria on Thursday launched a new Foreign Currency Voluntary Disclosure, Depositing, Repatriation, and Investment Scheme, urging Nigerians with foreign currency holdings outside the formal banking system to declare their assets.
This was disclosed in a statement by the Director, Information and Public Relations Ministry of Finance, Mohammed Manga.
He said the initiative, known as the Disclosure Scheme, is aimed at boosting financial transparency, strengthening regulatory frameworks, and enhancing economic stability through the integration of foreign currency into the formal economy.
