The government of Buhari in Nigeria fixed the exchange rate of Naira and other currencies. But the Tinubu administration floated the currency.
Arguably, the naira float and the fuel subsidy removal are twin policies that have conditioned the economy to a status considered to be harsh to the citizens of Nigeria.
Suggestions have it that floating industries along with the Naira will ameliorate the stagflation experienced in the economy. What’s your opinion on this idea?