April 14, 2021

Gilgal's Update

… latest happenings around the world

Devaluation In Nigeria: Lesson For The Next Government By Dr Nasir Aminu

The effects of weakening the naira include more expensive imported goods. In an ideal world, this should discourage imports into the country. For Nigeria, weakening the naira will only increase its the current account deficit due to heavy reliance on imports and the unpopular policy on export sales. By increasing the imports prices and leaving…


The effects of weakening the naira include more expensive imported goods. In an ideal world, this should discourage imports into the country. For Nigeria, weakening the naira will only increase its the current account deficit due to heavy reliance on imports and the unpopular policy on export sales. By increasing the imports prices and leaving the demand for domestic products unchanged, weakening the naira will provoke inflation in the country.

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