FG, CBN to create FX window for power sector

0
168

Fashola, has disclosed that a new policy intervention to protect power investments in the country from the volatilities of her foreign exchange regime would be initiated by the CBN, THISDAY reports.

He stated at the recent Quarterly Business Forum (QBF) held at the State House that the government and the central bank were in consultation on this policy, adding that it would increase the sector’s access to foreign exchange, as well as provide some level of predictability on the rates to enable investors plan their investments in the sector.

“In terms of policy interventions we are seeking to ensure that government, through the CBN, develops a foreign exchange policy that will include the power sector and increase access to foreign exchange and make the rates more clear and more predictable to plan how to make investments and deliver on service,” Fashola, said in a statement from his media aide, Mr. Hakeem Bello.