and what will happen after the dollar has been slashed down? will it affect the cost of living of the average man or make my finances better? we have seen in numerous instances the naira gaining and then the price of things remaining as they are without a single change in the way the living standard of people are. in that instance, those earning in dollar loses and those earning in naira do not see any meaningful change. it makes it completely worthless because there is never a time that the naira gains that we have seen a direct reflection in the price of goods.

maybe the reason for this is due to the fact that most times, such change is just as a result of the manipulation that goes around it which makes it extremely hard to know what a real gain of the naira over the dollar is, from what is not the real change. in an ideal case, when the naira is gaining, it is supposed to affect the amount used for importation and that will directly affect the price of most goods which is supposed to lead to a gain for us Nigeria. since that looks really theoretical, we cannot really say that a gain in naira is worth any hype it gets.