This is the best explanation i have gotten on these whole issue.

There is really nothing that can be done to strengthen the Naira in the short run. Nothing. In the long term, a lot can be done. But we need to decide if we truly want a strong Naira. The most important thing at this point is to have a well defined economic direction and proper coordination of both monetary and fiscal policies. At this time we have no economic direction

Show your support

Clapping shows how much you appreciated Manasseh Egedegbe’s story.