When Wale Ameen read about the launch of the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA) by the Central Bank of Nigeria (CBN), he wasn’t too excited about it.
Like many other Nigerians, Wale has had his fair share of inconsistent and unfavourable government policies which have affected both his business and personal finances.
Despite the innovative appearance of these initiatives from the CBN, several concerns have been raised regarding transparency, policy inconsistencies, and the ease of opening and operating these accounts from overseas.
It is not uncommon for government agencies to introduce policies and initiatives that appear promising at first glance, only to reveal underlying challenges that can lead to frustration and eventual abandonment. This situation underscores the prevailing lack of trust and confidence among the general public in the government’s ability to deliver effective solutions.
According to the…
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