Newspaper from 1996/06/03

  The article discusses the impact of the exchange rate on Nigeria's economy, particularly the current rate of N82 to $1. An expert, Mohammed Salis, argues that the rate is unrealistic and works against both the government and workers. He suggests that the economy has become one that only enjoys second-hand goods and services, and that income cannot support living standards. The article also mentions government moves to address economic problems, but the expert believes these moves are not realistic enough.

Summary

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The article discusses the impact of the exchange rate on Nigeria's economy, particularly the current rate of N82 to $1. An expert, Mohammed Salis, argues that the rate is unrealistic and works against both the government and workers. He suggests that the economy has become one that only enjoys second-hand goods and services, and that income cannot support living standards. The article also mentions government moves to address economic problems, but the expert believes these moves are not realistic enough.

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