Poor forex policies discouraging investors –LCCI

External reserves

The Lagos Chamber of Commerce and Industry has said inappropriate foreign exchange policies are discouraging new capital investments. The President, LCCI, Mrs Toki Mabogunje, during the group’s quarterly press briefing on the state of the economy, pointed out that there had been a sharp decline in capital inflows between the first quarter and the second quarter of the year. She said this could be linked to the capital control policies introduced by the Central Bank of Nigeria. The LCCI boss called for the introduction of a market-driven foreign exchange management…

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