The House of Representatives has urged the Central Bank of Nigeria to implement monetary policy adjustments to stabilize the currency, address speculative activities in the forex market, and increase the withdrawal limit of the Naira.
The resolution followed the adoption of a motion entitled the “need for the central bank of Nigeria to address the impact of the failing naira against the dollar and other currencies on the Nigerian economy”, raised during plenary by Honorable Ismaila Dabo.
The Green Chamber also appealed to the Federal Government to formulate policies and structural Reforms to reduce corruption and promote economic diversification within the nation’s economy.