International Monetary Fund (IMF) don talk say despite the recent drop in the value of naira to 1,654.09 per dollar, Nigeria economy go experience some level of stability. This projection come at a time when many Nigerians dey worry about the continuous devaluation of our currency.
According to IMF report wey come out within the last 48 hours, the global economic body believe say Nigeria government efforts to stabilize the economy and manage inflation go yield positive results. However, dem also warn say there be some challenges wey Nigeria must address to ensure long-term economic growth.
The naira recent drop to 1,654.09 per dollar at the official market rate dey cause concern among business owners and ordinary citizens. Many people dey fear say this go increase the cost of goods and services, especially imported items.
But IMF say dem believe in the resilience of Nigerian economy and the ability of the government to implement policies that will help stabilize the currency. Dem also advise the government to continue with economic reforms and ensure transparency in financial transactions.
Nigerian business community dey watch the situation closely, hoping that IMF projection go come true and the economy go stabilize soon. Meanwhile, Central Bank of Nigeria (CBN) dey work hard to manage the foreign exchange market and reduce the pressure on naira.
