Utomi targets N500/$ exchange rate, projects 50% drop in food prices.
The post Utomi targets N500/$ exchange rate, projects 50% drop in food prices appeared first on Nairametrics .
Political economist and Nigeria Democratic Congress (NDC) chieftain Professor Pat Utomi has proposed strengthening the naira to N500 per dollar, projecting that the exchange rate target, alongside infrastructure investment and structural reforms, could cut the prices of several staple foods by as much as 50%.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Nairametrics Economy.
Readers should treat early accounts as developing. Official statements may add detail. MSEApp News will update coverage if material facts change.
Readers should treat early accounts as developing. Official statements may add detail. MSEApp News will update coverage if material facts change.
Readers should treat early accounts as developing. Official statements may add detail. MSEApp News will update coverage if material facts change.
Readers should treat early accounts as developing. Official statements may add detail. MSEApp News will update coverage if material facts change.