Approved Freight Forwarders of Nigeria (NAGAFF), Chief Eugene Nweke, on Monday
cautioned the Central Bank of Nigeria (CBN) against further devaluation of the
that the devaluation of the naira was harmful to the economy and the living
standards of the citizenry.
economic policies that are drawn by the Central Bank of Nigeria do not befit
our nation for now.
adjustment in the standard of living; but worse still, it has made business
negotiations below average, especially for we freight forwarders.
this year as predicted by economists, but for us to invest more in developing
our local products to be suitable for exports,” he said.
would result in massive job losses and imminent inflation.
exporters of non-oil products like shea butter, sesame seeds, charcoal and
up for the weak currency and slumped oil prices in the global market.