APC, LP back lawmakers on ban of foreign currencies for local transactions nationwide.

The All Progressives Congress and Labour Party have supported a bill that aims to ban the use of foreign currencies for local transactions in Nigeria. Lawmakers are pushing forward with the legislation, which would regulate domestic commerce.

Nigeria's two major political parties, the All Progressives Congress (APC) and Labour Party, have publicly backed a bill aimed at banning the use of foreign currencies for local transactions within the country. The legislation, currently being debated by lawmakers, seeks to restrict the exchange of foreign currencies for domestic goods and services. By supporting this move, both parties demonstrate their commitment to promoting economic self-sufficiency and reducing the influence of foreign currencies on Nigeria's economy. The proposed bill is part of a broader effort to diversify the country's economic landscape and reduce its reliance on imports.