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Devaluation debate at TheCable Colloquium

Adams Oshiomhole Adams Oshiomhole

Oil prices falling. Forex inflow diminishing. Foreign reserves threatened. Import bill rising. Pressure mounting on the CBN to devalue the Naira. What now?

In line with its mandate “to deliver knowledge-driven journalism in the pursuit of Nigeria’s progress”, TheCable newspaper will be playing host to a policy dialogue on the exchange rate on Thursday, February 11, 2016 at the Civic Centre, Victoria Island, Lagos.

Comrade Adams Oshiomhole, governor of Edo state, will deliver the keynote address at the inaugural colloquium to be broadcast live on Channels TV.

The four-man panel to discuss the topic, “The Naira on Trial: To Devalue or Not?”, is made up of Bismarck Rewane, CEO of Financial Derivatives, Issa Aremu, deputy national president of the Nigeria Labour Congress (NLC), Moses Tule, director, CBN Monetary Policy Department, and Muda Yusuf, director-general of Lagos Chamber of Commerce and Industry.

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The discussion will be moderated by Frank Aigbogun, founder & CEO, BusinessDay.

Simon Kolawole, the founder and CEO of Cable Newspaper Ltd, said the colloquium “is to offer Nigerians a better understanding of the challenges facing the country and allow a decent debate on the way forward”.

Admission to the event, which starts at 10.30 am, is free.

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1 comments
  1. Thanks Cable colloquium,I,am not economic expert.However, it surprises me we are always reapeting our selfs continuously Let us look at only one issue. Frozen chicken. Why do we import chicken? Simply no steady power supply. From Cbn to federal government, kindly get Nigeria to a point of steady power supply and all sectors of Nigeria economy will pick up like wild fire. Every person sited tooth pick production, if you run generator to produce tooth pick, the cost will be higher than importation. The stabilization of Nigeria economy will only start with electricity, if not we are showing nothing but our academic abilities on TV.

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