"You Have Set Up David Against Goliath ", Shehu Sani Tells Tinubu Over Forex Trade Deregulation

 

Activist turned politician, senator Shehu Sani has taunted the Central Bank of Nigeria over its deregulation of the Forex Trade. 

The Exola Tv had reported that CBN has granted permission to commercial banks to trade Forex at market determined rate. This implies that the Central Bank of Nigeria will no longer have direct interference at the rate commercial banks trade foreign currencies for the dwindling Naira value. 

The financial policy which came into effect today, is one of a kind by the Bola Ahmed Tinubu's administration. However, it has also attracted different reactions from Nigerians. 

For senator Shehu Sani, the deregulation amounts to setting up "David against Goliath". Many have suggested that the policy will further worsen Naira value especially at the International market.

See Also:Frank Edoho And Apostle Johnson Suleman Cook Each Other On Twitter, Read Why

"Naira to freely compete against the Dollar….Anyway,we believe in the ultimate victory of David against Goliath".