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Naira Falls By 324% Since (1999 -2021) 22years - Politics - Nairaland

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Naira Falls By 324% Since (1999 -2021) 22years by Celestialsword: 11:05am On Feb 27
Nigeria's currency has taken a severe beating in the last 22 years (1999 - 2021 ) losing about 324% of its value to the dollar.Over this period Nigerians have elected four presidents, each of whom has appointed four different central bank governors.

Under President Olusegun Obasanjo, the Naira traded at 97 naira to the dollar and ended with 126.1 Naira to the dollar that is a depreciation of 29.9%

At the time Yar'adua assumed office,the Naira was still valued at 126.1 Naira to the dollar,at the end of Yar'adua administration it was 147.61 Naira to the dollar, losing 17.05%

During Goodluck Jonathan's five years tenure saw the Naira dropping from 146.61 to 196.5 to the dollar by the time he left office,this represent 33.1% depreciation

Mohammadu Buhari took office in may 2015 at the time he assumed office, the Naira was trading at 196.5 Naira to a dollar,by the end of his tenure the Naira has taken the biggest blow,falling by 109.4% to 411.65

Babangida 90 Kobo to $1

Abacha #22 to $1

Obasanjo #97----#126.1 to $1

Yar'adua #126.1----#147.67 to $1

Goodluck #147.61---#196.5 to $1

Buhari #196.5----#411.5 to $1

President Bola Tinubu met the Naira at 465.07 to the dollar

No nigeria government has been able to give the country's currency value against the dollar because of the import dependant nature of the nigerian economy.

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