The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said the government sees a “fair price” for the dollar to Naira at “N650 to N750”.
According to him, the dollar could settle at N650 to N750 before the end of 2023.
Oyedele stated this while assuring Nigerians of an ongoing plan by the government to introduce new foreign exchange rules which will make Naira regain true value before December 2023.
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According to him: “the federal government plans to introduce new foreign exchange rules, including a crackdown on illicit currency trading.
“We think all of that will happen before December, and maybe in a matter of a couple of weeks we will begin to see the results…”
Also Read: CBN Speaks on Plans To Redenominate Naira
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