The currency of a nation is a vanguard bulwark that safeguards the wealth of a nation. Nigeria’s naira holds the intrinsic and inclusive value to country’s GDP and wellbeing. A deteriorated and weaken naira invites aggressive currency speculators to devour the wealth of a nation. Naira value must be aggressively protected because a given currency can be use to monetize debt and … [Read more...] about President Buhari or IMF – Who has better policy on Naira‘s elasticity
Naira Floats: IMF prevails as pending doom looms
Here comes the big trouble, for with floating of naira comes massive devaluation, Hyperinflation and higher interest rate. Nigerian government has finally bowed to recommendation by masterly International Monetary Fund (IMF) to devalue naira by allowing the embittered currency to float. Nigerian government cannot be accused of dithering; the government held his own but … [Read more...] about Naira Floats: IMF prevails as pending doom looms
Nigeria: IMF role in fuel subsidy removal?
IMF role in the recent fuel subsidy removal in Nigeria No matter how the Nigerian present economic team chooses to shade, equivocate or obfuscate it, International Monetary Fund (IMF) played a significant role, if not an upper hand in the removal of fuel subsidy in the poverty stricken Nigeria. It is no longer news neither is it a surprise that IMF has been interested in the … [Read more...] about Nigeria: IMF role in fuel subsidy removal?