Home News AESN Praise FG on Currency Swap Agreement with China
AESN Praise FG on Currency Swap Agreement with China

AESN Praise FG on Currency Swap Agreement with China

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Association of Economists and Statisticians of Nigeria, AESN, has hailed the Federal Government for signing Bilateral Currency Agreement with China, stressing that trade and investment between the two countries will improve and financial market stability maintain.

The association named employment and business opportunities, infrastructural development, industrialisation, skill development, technical assistance and more as some of the benefits companies and businesses in Nigeria stand to gain.

According to a communiqué by Vice President, Gbadamosi Olusola and Chief Registrar, Olusola Akinfolarin, at the end of the association’s 13th induction and 15th mandatory ceremony in Lagos, the association recommended that “goods in the Bilateral Trade Agreement between the two countries to reflect importation reality; part of Nigeria’s foreign reserve should be in Yuan as a commitment to the naira; Chinese company should be encouraged to invest in Nigeria with Nigerians in better position to learn; Letter of Credit to be opened, etc.”

 

 

 

 

Credit: Vanguard

 

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