Tag: Devaluation

The Exchange Rate Debacle

The only Nigerian who doesn’t know that the naira is falling (“rising”) is the Nigerian who has no business whatsoever with anything imported with dollars, nor derived from something imported with dollars, nor used by other Nigerians who provide goods or services used by this person. Such a person surely lives in a cave, ostracized from human contact. Everyone knows that the naira is in a mess—even the yam tubers in Benue are aware. Continue reading “The Exchange Rate Debacle”