Vice President Yemi Osinbajo has voiced his confidence that the naira will bounce back through a sustained diversification plan that would involve steadily moving away from the current mono-product economy.
Through a statement by his special assistant media, Mr Laolu Akande, the vice president said raising the value of the Naira would take a multi-pronged approach, including ensuring there was an increase in earnings, exporting more and driving infrastructural development through local and foreign direct investments.
According to him, this forms a critical part of the current federal government’s diversification agenda of the economy.
He said government had already embarked upon a plan for self-sufficiency in rice and wheat production to reduce pressure on foreign exchange.
He said the Buhari administration’s economic policies would produce a stronger Naira.
He said by earning more and exporting more, the value of the Naira would improve