Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary
By A Mystery Man Writer
Description
Nigeria's government may be forced to devalue the currency, the naira, in one of the next steps to deal with the economic crisis in the country. That's the view Malte Liewerscheidt, the senior Africa analyst at UK-based risk consultancy Verisk Maplecroft, expressed following the decision by President Muhammadu Buhari's administration to scrap fuel subsidies. He said: The government…
Solved Review the following scenario. Use the information
![Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary](https://www.reuters.com/resizer/v2/VWKIH33W4BJK5IB2QL4MFLVLLY.jpg?auth=99aa0a0606bac9b633759a8c7d89da22f7448cb4dfb59bf8bcc73d5e7c20521d&width=1920&height=1005&smart=true)
Nigeria's latest devaluation may be 'turning point' in currency reform
![Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary](https://www.elibrary.imf.org/view/journals/002/2023/093/images/9798400232053_f0048-01.jpg)
Nigeria: 2022 Article IV Consultation-Press Release; Staff Report
![Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary](https://www.reuters.com/graphics/NIGERIA-CURRENCY/jnpwxxdjrvw/chart.png)
Nigeria's latest devaluation may be 'turning point' in currency
![Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary](https://babajidesalu.files.wordpress.com/2016/05/screen-shot-2016-05-12-at-22-48-37.png?w=597)
May 12, 2016 – Jide Salu's Diary
![Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary](https://images.slideplayer.com/12/3458781/slides/slide_7.jpg)
Chapter Seven. Overview of Chapter 7 After reading this chapter
![Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary](https://cdn.businessday.ng/2021/10/Nigerias-food-inflation.jpg)
Naira loses 69% of its value against dollar since FX reforms
Solved EA 9. LO 12.3 Following is the unadjusted trial
![Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary](https://www.elibrary.imf.org/view/journals/002/2023/093/images/9798400232053_f0022-01.jpg)
Nigeria: 2022 Article IV Consultation-Press Release; Staff Report
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