Post by Henry Emeka (@Emekus)

Can Nigeria return to the 1970s–early 1980s era when the naira was stronger than the dollar?
It’s possible in theory, but extremely unlikely under current economic conditions.
The naira was strong in the 1970s–80s because Nigeria had a very different economic structure. Today, the fundamentals have changed dramatically


Why the naira was stronger than the dollar back then
Nigeria was one of the world’s top oil exporters
Oil prices were booming.

Nigeria had low population pressure.

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