“Currency Control: Time to Manage Markets, Says Olawepo-Hashim”

Former presidential candidate and All Progressive Congress (APC) chieftain, Mr. Gbenga Olawepo-Hashim, has called for the Federal government to abandon the free float of the Naira in exchange for other currencies.

He emphasized that the time has come for a more managed approach to the country’s currency exchange system.

Olawepo-Hashim, a prominent figure in Nigerian politics and economics, has long advocated for a more stable and prosperous economy for the nation.

He believes that a managed exchange rate system will provide the necessary tools to effectively navigate the complex global financial landscape.

The free float of the Naira has been a topic of heated debate in recent years, with proponents arguing that it promotes flexibility and allows the market to determine the value of the currency.

However, critics like Olawepo-Hashim argue that this approach has not yielded the desired results, as the Nigerian economy continues to face challenges related to currency volatility and inflation.

In his statement, Olawepo-Hashim pointed out that other countries have successfully implemented managed exchange rate systems, which have contributed to their economic growth and stability.

He believes that Nigeria can learn from these examples and implement a similar strategy to better manage its currency and markets.

As the debate on the future of the Naira’s exchange rate continues, it remains to be seen whether the Federal government will heed Olawepo-Hashim’s advice and shift towards a more controlled approach to currency management.

The call by Mr. Gbenga Olawepo-Hashim to control the markets and manage the currency float of the Naira is a timely reminder of the importance of effective economic management.

It is crucial for the Federal government to consider all available options to ensure the long-term stability and prosperity of the Nigerian economy.