Minister of Finance, Wale Edun, says Nigerians are saving in Dollars because they have lost faith in Naira.
He noted that the recent appreciation of Naira’s value showed that Nigeria’s effort to boost its currency is yielding results.
He disclosed this during his recent presentation to top business leaders in Lagos.
He said the country targets all diasporic funds to boost the Naira.
He added that the country’s foreign direct investment dropped to N3.7 billion in 2023.
He said, “Because of lack of faith in the currency, people have decided to try to hold and save in dollars.
