On January 25 this year during the uveiling of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report, the Governor of the Central Bank of Nigeria, Olayemi Cardoso made an assertion that the “naira is undervalued.”
This statement was one of the motivation that pushed the Nigerian government into looking for both short-term and long-term solutions to save the naira, and the Nigerian National Petroleum Company Ltd (NNPCL) may be the magic wand in the short-term.
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