Below is a picture of what you will get in pounds when you drop one thousand naira as at this morning in the black market where a larger percentage of Nigerians have easy and fast access to.

The purchasing power of the naira in recent time is actually fast becoming alarming and something needs to be done about it ASAP. Though the world in general is going through economic tussle, we know how some western countries are already recovering. Prices of some items are dropping which makes their currencies purchasing power better.

But we know the reverse is the case in this country. Once something starts going up, it hardly comes down. Hopefully we will be rescued by set of competent leaders.

So sad that things are going this way. Something needs to be done ASAP.