By Henry Boyo
IN an earlier article, (May 2014), this writer explained why further naira devaluation would constrain demand and economic growth, and also deepen poverty. Furthermore, an unyielding, suffocating, self-inflicted, unusual burden of surplus Naira was also identified as the primary cause of weaker Naira exchange rates, despite, relatively, bountiful dollar reserves, since 1999.”
The narrative, this week, will answer questions on the impact of a stronger naira exchange rate, such as N80:$, on critical indices like inflation, interest rate, fuel subsidy, national debt and job creation. The above title was earlier published on May 26, 2014.
“Why do you believe that a stronger naira is better for the economy?
Historical evidence clearly confirms that the trajectory of deepening poverty in Nigeria, correlates loyally with Naira depreciation from stronger than…
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