Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: Our economy, a challenge to DCA plan.
by
Charles-Tim
on 25/02/2025, 08:43:12 UTC
⭐ Merited by Igebotz (2)
This is about Nigeria. Not DCA this time but NCA as you are specifically talking about our country and people that are receiving their wages or salary in naira.

NCA full meaning is naira cost average.

Yes, that is true. It is not only about agreement but actually what is going on in the Nigeria. But as time goes, as inflation occurs, everybody will later be favored. Minmum wage was increased, those that are selling will earn more naira, those that import goods will warn more and so on I'ma way everything will later balance.

Although, I noticed what is happening in Nigeria recently is somehow as the government are not moving towards achieving a stable economy but preferring to make naira price to continue to increase and decrease. Recently, the value of naira is increasing but the foreign reserve is depleting.

But I still think anyone that is working that wants to NCA can still do it if he have it in mind. Even if the value is not that much bit it is worth it.