Published On: Tue, Aug 13th, 2019

‘Potentials in FX Market can curb unemployment, reduce poverty in Nigeria’

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From Ayodele Samuel, Lagos

The Managing Director and Chief Executive Officer of MBA Forex and Capital Investment Limited, Mr. Maxwell Odum at the weekend said, Nigeria can reduce its level of unemployment and fight poverty if potentials in the Foreign Exchange Market are fully explored.
Odum during a press conference in Lagos heralding the MBA Forex “From Bare2Blue” revolution in Lagos expressed optimism in the potential of foreign exchange in Nigeria to reduce unemployment and poverty level.
This, he said, by using institutional mechanism to drive a profitable Foreign exchange in the country and with government regulation in the market, Nigeria may be set on its pathway into drastically reducing unemployment and its increasing poverty level.
Furthermore, he expressed confidence that if the market is regulated from the inside and investors money protected better by government regulatory body which will boost the investors’ confidence in the market; the next level for Nigerians is assured in terms of financial stability.
Speaking on the event, he said the ‘Bare2Blue’ revolution will play pivotal role by enabling financial diversification through foreign exchange to enhance the economy of Nigeria.
According to him, ‘Bare2Blue’ revolution is intended to change lives by providing jobs and streams of income for Nigerians through its life changing packages.
He revealed that ‘Bare2Blue Banquet’ schedule to hold on 16th and 17th August in Lagos will avail the company opportunity to unveil its products to Nigerians.
He also called for regulation of forex companies in Nigeria, to protect people in forex business.
Odum urged Nigerians not to see forex trading as gambling, saying that MBA Forex and Capital Investment Limited is registered and certified by the Central Bank of Nigeria, CBN.
He also added that the company has also been cleared by the Economics and Financial Crimes Commission (EFCC).
Also speaking, the Business Development Manager of Exclusive Markets, Claude Herve Tchatchouang, said the foreign exchange market still remained largely unexplored in Nigeria.
He noted that with the level of willing investors in the market, unemployment will be drastically reduced in the country.
He added that with the transfer of knowledge and needed skill set to Nigerians on the opportunities in the market, unemployment will be dealt with.

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