Economists have outlined several strategies to counter the depreciation of the Nigerian naira and address the scarcity of US dollars. One key recommendation is to secure balance of payment facilities from multilateral institutions, which could inject foreign currency into the economy. Another crucial step is to enhance the export of goods and services to increase dollar inflow.

The naira has faced a significant decline, losing approximately 25.65% and 65.65% of its value against the dollar within two months in both the parallel market and the official market, respectively. The liberalization of the foreign exchange market has contributed to this decline.

READ ON: https://www.veryserial.com/economists-propose-strategies-to-increase-dollar-inflow/

Using grammar to mask loans. No be only balance of payment na payment of balance (outstanding).