Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary

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Nigeria's government may be forced to devalue the currency, the naira, in one of the next steps to deal with the economic crisis in the country. That's the view Malte Liewerscheidt, the senior Africa analyst at UK-based risk consultancy Verisk Maplecroft, expressed following the decision by President Muhammadu Buhari's administration to scrap fuel subsidies. He said: The government…