- The Nigerian currency naira had a tough 2022 trading against the dollar and other foreign currencies
- Experts have taken turns making predictions for the new year, and they feel it will be either good or more troubles
- The federal government in its 2023 budget set the naira to the dollar exchange rate at N435.57/$ for 2023
In light of the Naira’s woes, economists have provided a peep into the future of what Nigerians should expect in 2023.
You will recall that Legit.ng reported that the Naira lost more than 23% of its value in 2022, the biggest devaluation in a single year since it was introduced as Nigeria’s store of value and medium of exchange on January 1, 1973.
