How Nigeria can tackle exchange rate crisis!!!
“Will Nigeria’s politicians and policymakers accept a 10% annual depreciation relative to the USD?," the expert wondered.
A former Director-General of Budget Office of the Federation, Bode Agusto, has said that pegging the naira to the United States’ dollar can not sustainably address the exchange rate crisis.
Mr Agusto also said floating the Naira, which means allowing the forces of demand and supply to determine the rate at which the local currency exchanges for the USD, is not advisable for the country. For more information visit https://www.premiumtimesng.com/business/business-news/546348-how-nigeria-can-tackle-exchange-rate-crisis-bode-agusto.html