Naira Undervalued And 2nd Cheapest In Africa - Robertson
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- Опубліковано 20 тра 2024
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Exactly!
People raise the price when the currency weakens, but then take the profit when it strengthens. We ought to see prices drop seeing this drop in the Dollar from 1600 to 1200, but folks be unreasonable...
Impressive
Without fiscal and proper/prudent management all these CBN manuevers will not last. @1100 to a dollar it’s still over 100% depreciation from less than a year ago
With some healing in exchange rate, we should be seeing a drop in market prices by a quarter ' but No we haven't! Nigeria is an outlier in all aspects especially in economic development. If measures are failing to produce expected results, then it's safe to say we've 'lost control of the economy' but do we have plan Z? When are we going to begin to see positive changes in Nigeria's poverty index and what could be done for the moderately and severely impoverished on the Interim? Starvation, malnutrition and other poverty related complications continues as the #1 reason for death and suicide in Nigeria. How do we ensure this does not become the status quo for the next 3 years??
We are going places as a nation.