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LequteMan
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Unilever’s Africa President Bruno Witvoet, has stated that it would be “insane” for Nigeria to persist with the same currency policies.
According to him, these policies have led to a record spread between the official and black-market exchange rates.
“It would be very insane to continue like this for months and months,” Witvoet said in a Bloomberg interview at a conference in Abidjan, Ivory Coast’s commercial capital.
He added that clarity on what the “right rate” is would help businesses “make more sensible decisions."
ThisDay Live
According to him, these policies have led to a record spread between the official and black-market exchange rates.
“It would be very insane to continue like this for months and months,” Witvoet said in a Bloomberg interview at a conference in Abidjan, Ivory Coast’s commercial capital.
He added that clarity on what the “right rate” is would help businesses “make more sensible decisions."
ThisDay Live
