My position is this: Devaluation should not happen. This dilly-dallying is only dragging further a situation that is solely the speculators’ gain. We should take a free float approach and make an open-ended market if we plan to abandon the current uncertainty, which is clearly disastrous for growth and the ordinary citizen
The Morning after Devaluation
Oluseun Onigbinde
338

This is contradictory. Devaluation means to depreciate the naira. Free floating will also lead to an immediate depreciation of the currency (current demand for dollar outweighs its supply).

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