NB Weekly 4: Naira: How Nigeria's Currency Became Worth Less - 25-02-2017

[siteadmin]

In this weekly, we explore the continued deterioration of the value of the Naira. While its is not a worthless currency, it is certain worth less than it was a few months ago. Coupled with uncontrolled inflation, Nigerians are in for a bumpy ride!

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[kayode ajayi]

Government can not leave the market forces alone to determine the value of the Naira while its regulator goes to sleep.

 

[ProfRem]

Government can not leave the market forces alone to determine the value of the Naira while its regulator goes to sleep.

If the government can not leave it alone, why did they introduce flexible exchange rate in June 2016. The ultimate duty of govt should be to regulate the market and not be a partakers or determining factor of Forex rate. This creates fear and uncertainties for would-be investors.

You cannot be a regulator, price fixer and supplier at the same time at official and black markets.

 

[kayode ajayi]

If the government can not leave it alone, why did they introduce flexible exchange rate in June 2016. The ultimate duty of govt should be to regulate the market and not be a partakers or determining factor of Forex rate. This creates fear and uncertainties for would-be investors.

You cannot be a regulator, price fixer and supplier at the same time at official and black markets.

Brilliant!