Former Anambra State Governor, Peter Obi, condemns the federal government’s recent crackdown on Bureaux de Change (BDCs) operators, denouncing it as “ill-advised” and “misdirected.” Obi argues that targeting BDCs will exacerbate economic woes rather than alleviate them, stressing that they are not the root cause of Nigeria’s FX troubles.
He highlights the need to address production deficiencies and corruption, advocating for a shift towards production-focused policies. Meanwhile, the government’s crackdown, aimed at curbing illegal currency activities, faces backlash for potentially harming legitimate businesses.
Obi’s critique underscores the complexity of Nigeria’s FX crisis and the importance of holistic solutions.
