
Today,the Senate held a closed-door Ministerial Briefing,which was attended by the Governor of the Central Bank of Nigeria {CBN}.The purpose of this engagement was to gauge the effectiveness of the monetary and fiscal policies that have been adopted to salvage the current economic situation in the country.At the briefing,Senators questioned the CBN Governor on the recent changes made to Nigeria's foreign exchange management policy; the determination of foreign exchange rates; the monetary policy of the Federal Government; the challenges being experienced by many commercial banks; and the need to diversify and grow Nigeria's economy for better performance.Moving forward according to the Senate President 'Saraki,the 8th Senate will continue our collaborative approach of working to bring succour to the Nigerian people in the form of effective oversight and innovative legislation.
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