Monday, February 22, 2016

DOLLARkpo Vs NAIRAde: Money Exchange Palava

Never in the history of time that Nigeria has experience such a high exchange rate of the US dollars against the naira, where $1 exchanges between N390-N400, against the official CBN rate of N199.
It was however speculated that the root cause of this was the high dependence on importation, coupled with the drop in oil price, which has affected virtually every sector of the economy, including the local market. To some exchange vendors in Nigerian, this is a huge opportunity to make more money from the desperate patronisers.
As the government continue to look for a lasting solution to this issue, severally questions lies unanswered in the minds of the masses regarding the promises made to them by during the on boarding of this new administration, most of which is; "what is the fate of the ordinary man in the society" and "what destination is the country heading to?"

No comments:

Post a Comment