tag:blogger.com,1999:blog-4062524157605873947.post1514221053023777910..comments2023-07-06T09:35:25.339-04:00Comments on The iPriest: What Does The Devaluation Of Naira Mean?The iPriesthttp://www.blogger.com/profile/08565719360255785971noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4062524157605873947.post-2610716667626128432016-05-14T08:12:46.519-04:002016-05-14T08:12:46.519-04:00The first and the second reasons of why a country ...The first and the second reasons of why a country devaluates its currency responded to the question of import and export problem. <br />And as to the policy taking a negative toll on vulnerable Nigerians, you are right but it is not unknown to those who planned the policy. In fact, they were so conscious of it that the Finance Minister had to use the word resseting our economy. It is a very hard word in economic policy. It makes allusion to shock therapy which is the hardest economic rescheduling program. But as I said at the beginning of this article, Nigeria has no option: it is either we reset our economy or we crash. The iPriesthttps://www.blogger.com/profile/08565719360255785971noreply@blogger.comtag:blogger.com,1999:blog-4062524157605873947.post-26643283042777013402016-05-14T01:47:30.127-04:002016-05-14T01:47:30.127-04:00What are we exporting apart from crude oil? You ha...What are we exporting apart from crude oil? You have forgoten to highlight the negative impact this will have on prices of both lacally produced and imported commodities. At the moment, Nigeria is an import- dependent country and this policy will surely take its negative toll on vulnerable NigeriansAnonymoushttps://www.blogger.com/profile/10764679758124423946noreply@blogger.com