CBN, NSIA set to diversify economy with comodity exchange
By Peter Egwuatu
The Central Bank of Nigeria, CBN, and Nigeria Sovereign Investment Authority, NSIA plan to invest N50 billion into the comatose Nigeria Commodity Exchange, NCX, is part of the governments effort to diversify the economy and boost foreign exchange earnings.
Commodity exchange presents a major opportunity for Nigeria to boost agricultural productivity, enhance economic diversification and thus rid itself of the perennial over-dependence on crude oil as a major source of forex earnings.
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