The recent alarming decline in the value of the Nigerian currency has raised concerns, and many citizens are pointing to the government's policies and actions as a significant factor contributing to this free fall. The Nigerian government is increasingly held responsible for the dire state of the currency due to factors that have eroded investor confidence and weakened the nation's economic stability.

Several key issues are driving this perception of government responsibility. Firstly, inconsistent and often unclear economic policies have created an environment of uncertainty for both domestic and foreign investors. The lack of a coherent and transparent financial strategy has left the market in flux, making it difficult for businesses and investors to make informed decisions.

Secondly, issues related to corruption and mismanagement have further shaken trust in the government's ability to handle economic matters effectively. The perception of widespread corruption within government institutions has led to doubts about the proper utilization of funds, hindering economic growth and stability.

Additionally, the lack of diversified revenue sources remains a pressing concern. Nigeria heavily relies on oil exports as a primary source of revenue, making its economy susceptible to fluctuations in global oil prices. Failure to adequately diversify the economy has made it particularly vulnerable to external shocks, exacerbating the currency's decline.

Furthermore, fiscal indiscipline and the persistent budget deficit have strained the country's fiscal health. Government expenditure often exceeds revenue, leading to an unsustainable fiscal deficit that can weaken the currency over time. This pattern has been exacerbated by a tendency to borrow without a clear repayment plan.

Overall, the Nigerian government's inconsistent economic policies, corruption perceptions, overreliance on oil exports, fiscal indiscipline, and inadequate efforts to diversify the economy have all contributed to the current free fall of the currency. While external factors such as global market conditions play a role, it is evident that the government's decisions and actions have played a substantial role in exacerbating the currency's decline. As a result, citizens and economic experts are increasingly attributing the situation to the government's shortcomings in managing the nation's financial affairs.

He has destroyed it already,wake from your slumber.

This is just the Genesis..

By the time Tinubu takes us to Malachi, the Revolution is going to begin from Alausa.

We thought he was joking when he gave an insight of recruiting & feeding 50 million people with cassava & corn.... This war happens to be the tasks his masters in Dc, Paris, London & Berlin gave him.
What COVID-19 didnt achieve, they war to use war to achieve it..

Tinubu would never send his son Seyi to the war front. Even that fast pig from the creek will not even cross Kaduna, na innocent Nigerians they would want to send....

When, his SW people claim they are up to 70 million, so let 50 million of them fight Tinubu war.

On the economy side, There is a bit of freshness on Asiwaju handling of the economy. He is trying compare to the state of health of the economy buhari handed over to him. His best shot would be to free the naira, after the skyrocket due to hot air, if he could build confidence, it will fall down and stabilize around 800-900 firm.

But he can not build confidence with the level of crooks he is keeping around him...

Web2020:
The recent alarming decline in the value of the Nigerian currency has raised concerns, and many citizens are pointing to the government's policies and actions as a significant factor contributing to this free fall. The Nigerian government is increasingly held responsible for the dire state of the currency due to factors that have eroded investor confidence and weakened the nation's economic stability.

Several key issues are driving this perception of government responsibility. Firstly, inconsistent and often unclear economic policies have created an environment of uncertainty for both domestic and foreign investors. The lack of a coherent and transparent financial strategy has left the market in flux, making it difficult for businesses and investors to make informed decisions.

Secondly, issues related to corruption and mismanagement have further shaken trust in the government's ability to handle economic matters effectively. The perception of widespread corruption within government institutions has led to doubts about the proper utilization of funds, hindering economic growth and stability.

Additionally, the lack of diversified revenue sources remains a pressing concern. Nigeria heavily relies on oil exports as a primary source of revenue, making its economy susceptible to fluctuations in global oil prices. Failure to adequately diversify the economy has made it particularly vulnerable to external shocks, exacerbating the currency's decline.

Furthermore, fiscal indiscipline and the persistent budget deficit have strained the country's fiscal health. Government expenditure often exceeds revenue, leading to an unsustainable fiscal deficit that can weaken the currency over time. This pattern has been exacerbated by a tendency to borrow without a clear repayment plan.

Overall, the Nigerian government's inconsistent economic policies, corruption perceptions, overreliance on oil exports, fiscal indiscipline, and inadequate efforts to diversify the economy have all contributed to the current free fall of the currency. While external factors such as global market conditions play a role, it is evident that the government's decisions and actions have played a substantial role in exacerbating the currency's decline. As a result, citizens and economic experts are increasingly attributing the situation to the government's shortcomings in managing the nation's financial affairs.

Other countries that grew thought about how to boost their production before they became developed, meanwhile in Nigeria, the only thing supposed enlighten cîtîzèns can think about is dollar vs naira.
We have been hearing dollar vs naira for decades now.
Redirect your mindsets.

Oko-ro rest.

Where were you when Obi spoilt Anambra?

How is the zoo your business now?