Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary
![Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary](https://babajidesalu.files.wordpress.com/2016/05/naira-jide-salu.jpg)
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…
![](https://www.reuters.com/resizer/v2/VWKIH33W4BJK5IB2QL4MFLVLLY.jpg?auth=99aa0a0606bac9b633759a8c7d89da22f7448cb4dfb59bf8bcc73d5e7c20521d&width=1920&height=2400&smart=true)
Nigeria's latest devaluation may be 'turning point' in currency
![](https://www.elibrary.imf.org/view/journals/002/2023/093/images/9798400232053_f0049-02.jpg)
Nigeria: 2022 Article IV Consultation-Press Release; Staff Report
![](https://www.elibrary.imf.org/view/journals/002/2023/093/images/9798400232053_f0026-01.jpg)
Nigeria: 2022 Article IV Consultation-Press Release; Staff Report
Solved About five years ago, Isabelle, Eden, Samara, and Joy
![](https://fastercapital.com/i/Discharge-of-debts--Starting-Fresh-through-Chapter-7-Bankruptcy--The-Filing-Process-for-Chapter-7-Bankruptcy.webp)
The Liquidation Process In Chapter 7 Bankruptcy - FasterCapital
![](https://cdn.businessday.ng/2021/10/Nigerias-food-inflation.jpg)
Naira loses 69% of its value against dollar since FX reforms
Nigeria's currency has fallen to a record low as inflation surges
![](https://www.elibrary.imf.org/view/journals/002/2023/093/images/9798400232053_f0042-01.jpg)
Nigeria: 2022 Article IV Consultation-Press Release; Staff Report
![](https://cdn.businessday.ng/2023/08/electricity-2-1.png)
Naira loses 69% of its value against dollar since FX reforms
![](https://www.coursehero.com/thumb/aa/8c/aa8cf18901f6d45ed197daef1e8efc1f0b996780_180.jpg)
Work i did twice - Name: Theodore Jones Jr. Date: 02.12.20 What to
![](https://www.elibrary.imf.org/view/journals/002/2023/093/images/9798400232053_f0043-01.jpg)
Nigeria: 2022 Article IV Consultation-Press Release; Staff Report