Emefiele assures foreign investors of funds safety
Foreign investors in Nigeria have being assured that their investments are safe. The Governor gave this assurance, Central Bank of Nigeria, Godwin Emefiele. Central Bank of Nigeria Source : Wikipedia According to the punch The assurance is part of a statement from the CBN on Sunday. Emefiele assured investors interested in repatriating their funds from the country of the safety of their money, despite the drop in the revenue from crude oil. He noted that the CBN had put in place measures to ensure an orderly transfer of funds for those that might be interested in doing so. He said, “The foreign exchange available would be devoted to strategic importation or service obligations that are the priority. “The CBN, in collaboration with the Federal Ministry of Industry, Trade and Investment, is committed to galvanising the manufacturing sector in a bid to reset the economy.” Recalling a similar situation that occurred in 2015 over declining revenue, Emefiele said that the...