Borrowing Dollars To Defend Naira Will Not Solve Forex Crisis- Prof Uwaleke Calls For A ‘Buy Nigerian Law’

Professor of Finance and Capital Markets Studies, Uche Uwaleke, who is one of the leading expert on the Nigerian economy has expressed worry about the approach adopted by the Federal Government to solve Nigeria’s foreign exchange crisis.

Uwaleke said the supply-side approach which involves borrowing in dollars to defend the naira from crashing further is not a holistic approach to the country’s forex crisis.

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