In this post, I take a very brief look at the plight of the Naira since May 2023. I will focus on comparing the official rate to the rate in the parallel market using a graph I drew this evening. One of the first executive actions that the president took was to remove subsidy from… Continue reading GBP to Naira Rate Between May 1, 2023 and March 1, 2024
Tag: BAT
The Cart Before The Horse: Oil Subsidy Removal in Nigeria
The issue of oil subsidy is akin to a malignant growth. Doing nothing is not an option. Radical steps are necessary. Such radical steps may be painful, but they offer a fighting chance for survival. Throughout the oil subsidy debate, I've maintained that while I understand the case for its removal, I'm concerned about its… Continue reading The Cart Before The Horse: Oil Subsidy Removal in Nigeria
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