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2020 NAIRAMETRICS ECONOMIC OUTLOOK HANGOUT
The reality is that the nation lives above its means, and borrows in a way that is not sustainable.
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has reacted to analysts’ projections concerning the devaluation of naira.
Ike Chioke, the MD of Afrinvest thinks the one thing that can prevent the naira from being devalued is a radical increase in crude prices.
Financial experts and analysts say structural imbalances like revenue shortfall, development in the global oil market and CBN policies among others pose very bleak outlook for the economy.
Nigerian entrepreneurs have been advised to consider viable businesses that will require little to zero capital to start.