Post
Topic
Board Economics
Re: Nigerian naira hits record black market low of 1,100 per dollar
by
Rruchi man
on 19/10/2023, 17:13:49 UTC
~
It is a terrible time for the low income earners. The economy will be terrible on them because a rise in exchange rate affects the cost of basic commodities in the market, almost everything is affected and some basic things start becoming unaffordable. This economic difficulty can be traced to unqualified leaders occupying and making bad financial decisions and economic policies.

An election was just conducted in the country from where new leaders have come into power. We should not be experiencing this because the new leaders ought to be showing how much better they are than the last administration, but we are witnessing the direct opposite, things are becoming tougher.