As the Nigerian Naira reached a staggering N1,070 to $1, many citizens took to social media to express their concerns about the increasing exchange rate and its impact on the cost of living.
Despite the significant devaluation of the currency, there has been no noticeable decrease in the prices of goods and services, prompting frustration and skepticism among consumers.
Some Nigerians expressed their desire for the exchange rate to reach even higher levels, hoping it would somehow lead to a reduction in prices. Others criticized those who speculated on the currency exchange, highlighting the unforeseen consequences of such actions.
Amidst the uncertainty, the overarching question remains: when will the prices of essential goods align with the depreciated value of the Naira?
