See why Tinubu's govt naira to dollar exchange rate target will not happen

  • The administration of President Bola Tinubu is set to miss one of his promises for 2023 naira exchange rate
  • Nigerian currency continues to struggle at both the official and unofficial foreign exchange rate market
  • There was hope that by December, the Cardoso-led Central Bank of Nigeria would have found a solution for Naira

The federal government’s plan to achieve an exchange rate of N750 against the dollar for the Naira by the end of 2023 appears unlikely to be met, with only five days remaining before the new year.

Legit.ng had reported that Taiwo Oyedele, chair of the presidential committee on fiscal policy and tax reforms, told the press that the various policies would help Naira close the year at N750 a dollar.