Godswill Akpabio’s 10th Senate rejected a bill on Thursday that would have increased Nigeria’s gold reserves to support the country’s economy.
After arguments, opponents of the “Foreign Exchange (Control and Monitoring) Bill, 2024 (SB. 353)” bill, which was sponsored by senator Sani Musa of the Niger East senatorial constituency, reportedly had it withdrawn.
The bill was read aloud for the first time on Tuesday, February 20, 2024, according to the lawmaker.
He pointed out that the bill aimed to create a foreign exchange market in Nigeria and abolish the Foreign Exchange (Monitoring and Miscellaneous Provision) Act, Cap. F34, Laws of the Federation of Nigeria, 2004.
