Olusoga: Building Trust, Confidence Will Strengthen Naira, Attract FDIs

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James Emejo in Abuja

The Group Managing Director, Parthian Partners, Mr. Oluseye Olusoga, has said building confidence and trust in foreign exchange administration would help to strengthen the value of the Naira as well as woe foreign investors.

He said rather than the issue of forex repatriation, investors want to see a more transparent FX regime that is rule based.

Speaking in an interview with THISDAY on the sidelines of the just concluded 28th Nigerian Economic Summit (NES#28) in Abuja,

Olusoga said, “I don’t think people will want to go into the conversation of FX or that, for me it is about confidence and trust which are key to stimulating investments. If people don’t trust you, they won’t give you, their money.

“Let’s do a lot more engagement and sensitisation, a lot more engaging and explaining and as you act according to what you say and based on specific rules then money can come in.”

He pointed out that the Naira having a turbulent…



Source: Thisday Newspaper