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Why Cost Of Living In Nigeria Remains High Despite Naira Gains
Posted
April 24, 2024
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April 24, 2024
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9:49Now PlayingEarlier this year, Nigerians saw the free fall of the Naira against major world currencies and continued its downward trend as experts had predicted in 2023.
The Nigerian currency lost its value in a historic dip that surged the prices of many household consumables and crippled the manufacturing sector.
But in the last few weeks, the Naira has made a significant comeback so much that it is said to be one of the best performing currencies in the world.
Gist Nigeria's Mercy Frank speaks to Experts to find out the fundamentals behind this unprecedented value gain and what it means for Nigerians and the economy.
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