The minister reiterated that the private sector-driven policy initiative of the 2017 budget include emphasis on resuscitation of the Export Expansion Grant, improvement of the country’s business environment as well as enhancing support to Micro, Small and Medium Enterprises in order to Laying the foundation for diversified, inclusive and sustainable growth.
“In reality, the Naira should not be affected more than the N305,” she argued, explaining that this was so because the CBN had put in place measures to stimulate more supply of dollars to deal with its shortage in the market.”
Udoma said, “We must use this crisis to introduce measures that will truly diversify the Nigerian economy by ensuring that the non-oil sector generates enough foreign currency earnings to drive the economy even without any crude oil earnings.”
