Foreign Investors might not be able to trust this government easily, just as the saying goes; Trust is a Fragile thing, easy to break, easy to lose and one of the hardest thing to ever get back.

@ the beginning, APC says black market rate wasn’t the real rate of dollars, that if you want to access dollar with genuine importation reason ( no band items) go to your bank you will access it 197$, people believed them and started queuing up, after much frustration, they ran back and says we have no access to dollars @ that rate, then our APC officials was forced to come out to say, if you cannot afford black market rate for school fees bring your child back to Nigeria to study. Do more with made in Nigeria goods. The truth is no nation will do without importation.

For 16 bad months naira was defended @ 197 for government officials, we heard about millions of dollars been taken out by government officials from that rate, for me its a very bad decision, and waste of our foreign reserve, and also making investors to loose trust in currency policies, all for political gain!

Its time APC admit that they have made too many bad decisions that have destroy our currency and those bad decisions will affect us on a long time basis.

Its not pecking at 197 but is policy this country dont need a Bureau de change for now ...and believe me BDC have more money than CBN itself. So close all black market and make mandatory all foreign exchange to be deposited with CBN and then u will see naira appreciation with control at single point..

Just my point of view thou
Ftc hope ths goes to FP