Fifteen months into President Tinubu’s tenure, the rate of one dollar to naira has gone up by 245%

When Olusegun Obasanjo took office in 1999, the exchange rate was ₦97 to $1; it was ₦128 under Yar'Adua in 2007. During Jonathan's tenure in 2010 it was ₦151 while it was ₦199 when Buhari was in office.

Despite efforts to let market forces decide the rate, the naira continues to weaken. Will the current administration turn things around soon?

Source:

Central Bank of Nigeria, Investing.com

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Period:

1999 - 2024

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