The Nigeria Labour Congress on Sunday lamented the devastating impact of the forex crisis on the economy and demanded urgent stabilisation of the naira. The NLC President, Joe Ajaero, who said this in a statement on Sunday, blamed government officials’ love for foreign luxury products for the free fall of …
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Why Naira is Weak – Ex-Finance Minister-Aganga
A former Minister of Finance, Olusegun Aganga, has explained that the naira would continue to experience a free fall if Nigeria remains an import-dependent country. He said it was not a wise decision to defend the naira with billions without appropriate investments in the manufacturing sector to drive the country’s …
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