Nigerians Urged to Declare Foreign Currency in New Govt Scheme

The government said the scheme will remain open for nine months from its commencement date.

The Federal Government of Nigeria on Thursday launched a new Foreign Currency Voluntary Disclosure, Depositing, Repatriation, and Investment Scheme, urging Nigerians with foreign currency holdings outside the formal banking system to declare their assets.

This was disclosed in a statement by the Director, Information and Public Relations Ministry of Finance, Mohammed Manga.

He said the initiative, known as…