Bagudu assures investors that the exchange rate will stabilize.

The Minister of Budget and Economic Planning, Atiku Bagudu, has said he expects the exchange rate to improve following the ongoing exchange reforms of President Bola Tinubu and the Central Bank of Nigeria.
Bagudu said countries that have liberalised their foreign exchange market like Nigeria have enjoyed better exchange rates, expressing confidence Nigeria foreign exchange market will perfomer better.
He said global indices had shown that things would improve, advising local and foreign investors to take steps in this direction.
His comments came about six months after Tinubu removed rate cap on the exchange rate, among other currency reforms.