The Presidential Economic Advisory Council, PEAC has advised the Federal Government to move away from multiple exchange rates to a unified currency exchange rate.
PEAC, in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu,
also told the government to do all that is necessary to continue to ease the environment of doing business in the country.
President Buhari described the outstanding support and guidance provided by the PEAC as a ‘tutorial’, urging the members to do more to help the country exit from terrible state of development.
Speaking during a virtual audience with members of the council, President Buhari said: “We are a country characterised by a large population of poor people, serious infrastructure deficit, lack of housing and a vulnerable economy, now haunted by the COVID-19 pandemic and collapse of the oil sector and its effect on the Gross Domestic Product, GDP.”
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