Speaking on Tuesday in
'So far, we also want to celebrate consistent four years of exchange rate stability and compliance in our operations. In summary, that's why we are here to carry our people along , to evaluate our performance more especially in terms of compliance and then the way forward to continue to be effective in the foreign exchange market,' he said.
He said capacity building, collaborations with the regulator and other relevant agencies, training of our members and also collaborations with the media remain way forward for the industry growth.
Gwadabe said said although there are predictions on the devaluation of the naira by 20 per cent,
'Devaluation will not do any good more especially we can see of course there is border regulation which have improve a lot of activity in the economy, yet we are struggling with electricity in terms of its availability and also
He added: 'The aspect of the examination we are comfortable with is firstly, the submission of our audited accounts that have improved tremendously, a lot of members have now known the implications of not rendering their audited accounts to the CBN and the Federal Inland Revenue Service (FIRS) more especially now that the drive of the government is revenue generation.
'So, this is one aspect we want emphasise for members to ensure they belong to the tax net, they comply with the necessary regulation, also we have automated our operations, our members are on our platform, which is www.abcon.ng.org where they render their returns to the CBN from the comfort of their offices, so these are some of the achievements that we have achieved and we felt we have to let the media know so that they help us emphasise some of this achievement apart from the exchange rate stability that we have been making for the past four year.'
© Pakistan Press International, source