Wailing In The Land: Exchange Rate 400 Naira To $1 And Rising

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Naira is reported to be selling at N400 to a dollar in the parallel market. The recurring news of the naira slide is no longer new since the advent of the Muhammadu Buhari’s administration. Food prices are sky rocketing, businesses are crumbling, and never in the history of Nigeria have the people in the entire regions of the country experienced this unprecedented level of hunger.

The so called Treasury Single Account, which has been criticized as a business killer may as well be called the Tragic Suffering Account, given the fact that Nigerians are experiencing more hardship, suffering, and misery in the last one year with no glimpse of hope in sight.

 

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