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Nigeria’s Forex market largely untapped -MBA boss

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The Chief Executive officer, and Managing Director, MBA Forex and Capital Investment Limited, Mr Maxwell Odum, States Nigeria’s foreign exchange market is largely untapped. He also stated that if the perspective in the Forex market was fully explored, it could reduce poverty level and unemployment level. He stated on Friday during a press conference in Lagos on the forthcoming  event called, MBA Forex, from Bare 2 Blue rebellion . He expressed sanguinity  in the potential of foreign exchange in Nigeria to reduce poverty level and unemployment.

The Odum stated that by using institutional mechanism to drive a profitable foreign exchange in the country and with government regulation in the market. The Nigeria might be set on its pathway into significantly reducing unemployment and its increasing poverty level. He articulated confidence that if the market was regulated from the inside and investors money protected better by government authoritarian body which would boost the investors’ confidence in the market. The next stage for Nigerians was guaranteed in terms of economic steadiness.

Commenting on the occasion, he stated, The ‘Bare 2 Blue’ rebellion will participate essential role by enabling  financial diversification through foreign exchange to enhance the economy of Nigeria. According to him the Bare 2 Blue insurrection was anticipated to change lives by providing streams and jobs of income for Nigerians through its life shifting packages. He exposed that Bare 2Blue Banquet programmed  to hold in August in Lagos, would advantage the company opportunity to disclose its products to Nigerians. He also called for regulations of forex businesses

Odum stated that the Forex is changing the narratives, by pushing for regulation of forex companies coming into Nigeria. This willpower lend a hand in putting a ensure on imitation activities relating to forex trade and also protect Nigerians by ensuring that people go into Forex through the right Channels.

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