Since Nigeria became independent, the value of the Nigerian currency, called the naira, has gone up and down a lot. It has been a bumpy ride. When the naira was introduced in 1973, you could buy a dollar with less than one naira.

But over the years, the value of the naira compared to foreign currencies, like the US dollar, has been unstable. Sometimes it goes up, and sometimes it goes down but it rarely goes down. This has caused a lot of debates and discussions about what should be done to make the naira stronger and more stable.

Understanding the history of the naira's value helps us see why there are different opinions about what should be done. It's a complicated issue that affects the country's economy as a whole.

https://ikejabird.com/the-tragic-history-of-nairas-devaluation-from-independence-to-today/

It’s normal with inflation