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Is there any hope left for the crashing Naira?

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Posts: 113
 Also
Topic starter
(@also)
Reputable Member
Joined: 3 years ago

When it became N200 per dollar, I remember, we were bitterly complaining. We had hope. Little did we know we were just beginning.

Here we are today. The US Dollar exchanging for about N1,300! That's roof top!

The government and CBN have been using many firefighting approaches and artificial measures which are obviously not working as effectively as expected. Or at least they provide temporary halt but not a permanent cure.

How did we get here?
Is there an end to this soon?
Is there any hope for this falling Naira?

Please I need answers.


7 Replies
Jrd
Posts: 1064
 Jrd
Admin
(@jrd)
Member
Joined: 2027 years ago

Yes, if we can depend less on imported products and truly grown our GDP. Let's manufacture and export more. That's the only hope. :laughs:


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Posts: 586
 B7
(@_b7_)
Honorable Member
Joined: 2 years ago

:thinking: yeah I think so


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Posts: 1390
(@ernest)
Noble Member
Joined: 2 years ago

Nice one


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Efekubor
Posts: 12
(@efekubor)
Active Member
Joined: 2 years ago

It is heading to 2.5k/$ soon


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