Amidst high expectations that Nigeria’s ailing economy will recover, the Manufacturers Association of Nigeria (MAN) has predicted what the adoption of a floating exchange rate regime will yield mixed impact on the economy.

The Director General of MAN, Segun Ajayi-Kadir, explained that many factors determine the market forces of a floating exchange rate regime.

M.A.N. Reacts To Floating Exchange Rate Regime
Segun Ajayi-Kadir,

The D.G. said factors like commodity prices, capital flows, and level of trade flow will determine the exchange rate level.

Read Also: Exchange Rates: Tinubu Abolishes Multiple Exchange Rates



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